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The global cryptocurrency community must wait some more days before the U.S. Court of Appeals will be ready to decide on whether Grayscale can convert its Bitcoin Trust into the first-ever full-fledged exchange-traded fund (ETF). 
<h2 id="no-decision-ongrayscale-v-sec-case-today">No decision on&nbsp;Grayscale v. SEC case today</h2> 
The U.S. Court of Appeals for District of Columbia Circuit yet again failed to come up with a ruling on the Grayscale v. U.S. SEC case. Such a statement was made by Grayscale's chief legal officer&nbsp;Craig Salm on Twitter earlier today. 
<blockquote class="twitter-tweet"> 
 Unfortunately, not today people <a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GBTC</a> <a href="https://t.co/fez0ZBF6ni" rel="noopener noreferrer nofollow">pic.twitter.com/fez0ZBF6ni</a>— Craig Salm (@CraigSalm) <a href="https://twitter.com/CraigSalm/status/1692549844953424263?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 18, 2023</a> 
</blockquote> 
As covered by U.Today previously, the decision was expected to be announced three days ago, on Aug. 15, based on the typical term for such cases. 
However, commentators expect the verdict to be out on Tuesday, Aug. 22, at the earliest. Some of them even commented ironically that there is no need to make these "useless" announcements twice a week. 
In June 2022,&nbsp;Grayscale took America's financial regulator, the SEC, to court, following its vocal failure to greenlight the reintroduction of Grayscale Bitcoin Trust (GBTC), a flagship Grayscale product, into the first spot Bitcoin ETF. 
Right now, a variety of asset management teams are awaiting approval for their Bitcoin and <a href="https://u.today/sec-to-announce-major-bitcoin-etf-decision-tomorrow" rel="noopener noreferrer nofollow">Ethereum exchange-traded fund</a> proposals. 
<h2 id="grayscale-awaits-bitcoin-etf-approval-with-fresh-blood">Grayscale awaits Bitcoin ETF approval with fresh blood</h2> 
In the past week, the price of the GBTC share dropped from $20.12 to $17.64, losing over 12.3% amid a painful recession and regulatory uncertainty on Bitcoin (BTC) markets. 
At the same time, the Grayscale team is highly optimistic about its prospects in its legal battle with the U.S. SEC. The asset management giant is hiring a senior associate for its ETF unit. 
<blockquote class="twitter-tweet"> 
 Our ETF team is hiring. 👀<a href="https://t.co/FtM1VM0AcW" rel="noopener noreferrer nofollow">https://t.co/FtM1VM0AcW</a>— Grayscale (@Grayscale) <a href="https://twitter.com/Grayscale/status/1692163372241056254?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 17, 2023</a> 
</blockquote> 
The ideal candidate for the role should have at least five years of experience as an ETF issuer/asset manager or in ETF trading, while a blockchain background is a plus.

Grayscale Bitcoin ETF Saga: No Ruling in SEC Lawsuit Today

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