![SEC Will Not Appeal Grayscale's Court Win Over Spot Bitcoin ETF Conversion SEC Will Not Appeal Grayscale's Court Win Over Spot Bitcoin ETF Conversion](http://bitcoinmagazine.com/.image/c_limit,cs_srgb,fl_progressive,h_1200,q_auto:good,w_1200/MjAxNDczOTE3OTY4MzI4MzEz/f4th_xuawaamiqc-2.jpg)
In a significant development, the U.S. Securities and Exchange Commission (SEC) has decided not to appeal a recent court decision favoring Grayscale Investments’ Bitcoin ETF conversion plans, according to a report by Reuters….
![Grayscale CEO highlights 20% GBTC share buyback option if ETF conversion fails Grayscale CEO highlights 20% GBTC share buyback option if ETF conversion fails](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2022-12/a12a730e-4b95-45b4-be56-780044195f4b.jpg)
According to an end-of-year letter to investors published on Dec. 10, Grayscale Investments CEO Michael Sonnenshein said that the firm might consider “a tender offer for a portion of the outstanding shares of…