What else should we expect, should the court decision be a superior to the SEC decision over the approval for spot bitcoin ETF application or not, do Greyscale have to go this extra miles, despite the fame and global recognition they already have, i don't think that SEC need to make an appeal as well in this regard, they are only doing their own job with their reasons for non approval, Greyscale will not be the first to be rejected neither will it be the last.

Their application would be reviewed like the other applications, and it can also be rejected, the fact that they won that case doesn't increase their chances of the sec accepting their application, it only allows them to be able to convert GBTC into a spot etf if their application is accepted.
Some bitcoiners believe that it is now a matter of when and not if, but they have to wait for the decision of the sec. The sec already missed the first deadlines for awaiting applications, and the second deadline for many of the applications is this month. There is a topic for spot etf discussions: https://bt.irlbtc.com/view/5465517.msg62789444#msg62789444

This news didn't come from the SEC or any agency related to them, the news just said it emanated from an anonymous source. We have not also heard the reaction of Grayscale regarding the matter. But if the news is genuine the result will be a review of the application again. The SEC will always have reasons to deny the approval and Grayscale will have to approach a court again for redress. I think the SEC will approve spot Bitcoin ETF only when it has developed a comprehensive policy framework and technical know-how to regulate the sector.     

This is a positive news for all of us, even though I am not found to these ETFs but indirectly they did bring positive impact on the market. This might be a result of some laziness from the SEC but I think it is not, and another possibility of it can be  a publicity stunt. Overall, if things go right, as this post implies, then we might see early ETF's approval. And just to be frank, if you think this news will make the approval of ETFs to be around 2024 then I think ETFs will be approved without it and we might see approvals of ETF around 2024 maybe in April moth, before halving.

Because, this news (of ETFs Approvals) will act as a fuel for the engine of BTC rocket which will take it to the new heights. I have said this a lot of times before.

This is a significant development which may signal an impending approval for a spot Bitcoin ETF. The SEC has delayed approval as long as they could but with this hurdle out of the way they don't have many options remaining. This will be positive for Bitcoin but I also expect regulators to shift their focus more towards exchanges and altcoins. If they were to take severe action against an exchange like Binance it could suppress a potential bull run following an ETF approval.

Big news for Bitcoin! The SEC has decided not to appeal a court ruling that found them wrong to reject Grayscale's application to create a spot Bitcoin ETF. This is a huge win for Grayscale, and it could pave the way for the first-ever spot Bitcoin ETF in the US.

Even though the SEC still has to review Grayscale's application again, the chances of approval are looking good. This is especially true since the SEC has already approved several Bitcoin futures ETFs.

If the SEC approves Grayscale's spot Bitcoin ETF, it could set a precedent for other asset managers who have also filed for similar ETFs. And it could also be a factor that initiates the next bull run for Bitcoin in 2024.

 The SEC is one step closer to approving a spot Bitcoin ETF, I think Blackrock application will accept firstly which could be a huge boost for the cryptocurrency market.
Good future ahead  

It's true that SEC has lost the case, but Grayscale have not win anything yet, their goal to finally get their Bitcoin Spot approved is still on a long road. It's one step closer, but SEC might find another good reason to reject Grayscale application. Don't get me wrong, I am not trying to be negative here, and this is actually a good news, I just don't want to get my hope too high, looking back at the history how SEC viewed Bitcoin.

I read somewhere else that Blackrock has a near impeccable record of ETF applications with the SEC. They have only ever received one denial so they clearly have encouragement from the SEC on this. I believe we will see an ETF approval before the halving. I don’t think Grayscale will be first though. Blackrock are the King in tye traditional finance game. I don’t see it likely somebody else is approved before them.

I think you didn't get the point, the District of Columbia Court of Appeals in Washington ruled that SEC was wrong when they rejected Grayscale’s proposed bitcoin ETF. The court ruling didn't say that SEC should approved the application of Grayscale for a Bitcoin Spot ETF. They are not doing their job though, if they did, then they should have approved it already. But they keep on denying it that's why Grayscale has to challenge it.

Here's the full list of Spot Bitcoin ETF Applications if anyone is interested:


https://beincrypto.com/full-list-spot-bitcoin-etf-applications-deadlines/