🚀 SEC won't appeal court ruling on Grayscale's Bitcoin ETF, possibly paving the way for the first US Bitcoin ETF! 💰

- The SEC decided not to challenge the court's reversal of its decision to deny Grayscale's Bitcoin Trust conversion into an ETF.

- Bitcoin's price soared above $27,000 after the news broke.

- Grayscale's Bitcoin Trust (GBTC) is the largest cryptocurrency fund in the world, and the conversion could eliminate its discount to the underlying Bitcoin.

- Other entities like BlackRock and Fidelity are also awaiting approval for their Bitcoin spot ETFs.

What do you think this means for the future of Bitcoin ETFs in the US? Share your thoughts in the comments! 💭