The U.S. Securities and Exchange Commission must review its rejection to convert the Grayscale Bitcoin Trust into an exchange-traded fund, the appeals court ruled Tuesday.

Today's episode is sponsored by Kraken Pro and Simpluris.

Today's Stories:

First Mover Americas: Bitcoin Rallies on Grayscale Court Win Over SEC

Grayscale’s Victory Ignites a GBTC Trading Frenzy as Investors Bet on Narrowing Discount to Bitcoin Price 

It's a Bullish Double Whammy for Bitcoin, but Caution Still Warranted

Grayscale Ruling Does Not Guarantee Bitcoin Spot ETF Approval, Traders Say  

SEC’s Grayscale Court Rout Puts Agency in Will-They, Won’t-They Role Starring Gensler

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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

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Simpluris: If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

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This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.