Analyst: The ruling between Grayscale and the SEC will take three to six months, with Grayscale's chances at 70%

ChainCatcher news, Grayscale has engaged in oral arguments regarding the lawsuit it filed against the U.S. Securities and Exchange Commission (SEC) for rejecting its application to convert the Grayscale Bitcoin Trust into an ETF. Bloomberg senior litigation analyst Elliott Z. Stein stated after the arguments that he has raised Grayscale's chances from 40% to 70%, and mentioned that a ruling between Grayscale and the SEC may take three to six months. If Grayscale's application is ultimately approved, it would unlock $5.5 billion in value for GBTC. (source link)