No SEC Appeal in Grayscale Case Means a Bitcoin ETF is Closer Than Ever

Also, Finra's Cook dumps on consolidated audit trail; Banking groups signal (again) that the Basel 'endgame' will play out in a courtroom

As much as SEC Chair Gary Gensler may dislike crypto, the agency’s decision to not appeal its loss in the Grayscale Investments case sends a pretty strong signal that the commission is getting closer to approving a Bitcoin ETF – and it could happen as soon as early next year. 

Questions about when a Bitcoin fund will come to market have been swirling, of…