Despite $824 million of net inflows since Spot ETF approval, bitcoin fell 19% in part from $4.39 billion bleeding out of GBTC. This is good for Bitcoin.
The decision, which comes after a legal battle and months of anticipation, may signal a shift in the regulatory landscape towards the approval of a spot Bitcoin ETF.
Grayscale faces a lawsuit for allegedly mismanaging their Grayscale Bitcoin Trust as well as conflicts of interest. Shareholders are invited to join the case.