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TechFlow news, October 19 — Bloomberg senior ETF analyst Eric Balchunas tweeted that courts cannot compel the SEC to convert GBTC, as such authority falls outside the court's jurisdiction. Therefore, even if Grayscale prevails in court, the SEC still retains significant control over its fate.
On October 19, Bloomberg senior ETF analyst Eric Balchunas tweeted that courts do not have the authority to require the SEC to convert GBTC. Therefore, even if Grayscale wins the lawsuit, the SEC still retains significant control over its fate.
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