Bitcoin-ETF Watchers Circle Friday as Next Key Date in the Race

Those closely following the quest for an exchange-traded fund that would hold Bitcoin have Friday circled on their calendars.

That’s when a DC court will issue a mandate that could make effective an August opinion that went in favor of Grayscale Investments LLC, which had sued the US Securities and Exchange Commission as it looked to convert its Bitcoin trust (GBTC-rte-company>) into an ETF, according to Bloomberg Intelligence analysts Elliott Stein and James Seyffart-bsp-person>. It’s the next step in the process after the SEC last week opted against-bsp-bb-link> appealing the previous ruling, which it had lost.

“We …