The Bitcoin (BTC) price briefly vaulted back above $27,000 on Friday in wake of reports that the US Securities and Exchange Commission (SEC) won’t appeal against a recent court ruling that reversed its decision to prevent crypto asset manager Grayscale from converting its Bitcoin trust into an Exchange Traded Fund (ETF).
As per a Reuters report, the SEC had until midnight on Friday to appeal against the legal loss but decided not to….
Read More: Grayscale’s ETF Aspirations Get a Boost as SEC Abandons Appeal – Bitcoin Price to the Moon?