Grayscale and the U.S. Securities and Exchange Commission will soon have their oral arguments heard in court regarding the conversion of Grayscale Bitcoin Trust into an exchange-traded fund, according to a court filing dated Jan. 23.

The SEC made the decision to reject a proposal from Grayscale that would allow the company to convert its Bitcoin trust into an ETF in June 2022.

Those oral arguments are now scheduled to be heard at 9:30 a.m. EST on March 7 in the District of Columbia Court of Appeals. Grayscale noted that the arguments were originally expected to be heard no sooner than the second quarter of this year.