Grayscale continues their legal battle against the SEC over a spot Bitcoin ETF, arguing that that future and spot Bitcoin ETFs have no correlation. According to Grayscale it is estimated the lawsuit will take around one to two years but they say they feel confident in their arguments.
Grayscale Lawsuit Could Take Awhile
ETF Newz Says:
The decision by the SEC to decline Grayscale but continue to accept short Bitcoin ETFs surely pushed Grayscale to act.