# BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejection
” BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejection “ Grayscale has announced a legal challenge to the latest rejection of its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission. It announced that its Senior Legal Strategist, former U.S. Solicitor…