Grayscale Investments CEO, Michael Sonnenshein, is uncertain whether the company needs to refile its application with the SEC to convert its GBTC product into a spot bitcoin ETF. A recent court decision overturned the SEC’s rejection of Grayscale’s proposed ETF, but Sonnenshein emphasized that the outcome remains uncertain until the final operational procedures are outlined. The court ruling could have implications for other pending ETF applications, potentially creating a more favorable environment for future proposals.

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