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Grayscale, SEC Will Voice Oral Arguments Over GBTC ETF Conversion in March

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.

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