Follow Grayscale news, including ETF conversions, fund flows, legal wins, product strategy, and institutional crypto investment trends.
Grayscale's Bitcoin Trust discount narrows to under 20% following the firm's victory.
Oluwapelumi Adejumo 2 min read 
The case has been central to the debate surrounding Bitcoin spot ETFs, which several institutional players have applied for this year.
Recent reports indicate that a pivotal decision regarding Grayscale's case with the SEC could be announced imminently.
The applications are coming in less than two months after the financial regulator received a slew of spot Bitcoin (BTC) ETF applications from several traditional financial institutions, including BlackRock.
Alameda had filed a lawsuit against Grayscale in March, alleging that the firm was unjustly enriching itself at the expense of shareholders.
GBTC shares have outperformed Bitcoin over the past month.
Grayscale expects that the ruling on its lawsuit challenging the SEC's rejection of spot Bitcoin ETF application to come in by fall this year.
BlackRock's Bitcoin ETF applications has renewed optimism surrounding Grayscale's GBTC shares.
Congressman Brad Sherman Sherman asked the SEC if Regulation M was a barrier to GBTC shareholder redemptions.
