D.C. Circuit Vacates SEC Order Blocking Bitcoin ETP From Exchange

(September 14, 2023, 7:39 AM EDT) -- WASHINGTON, D.C. — The District of Columbia Circuit U.S. Court of Appeals vacated an order from the Securities and Exchange Commission denying an investment company’s request to establish a bitcoin exchange-traded product (ETP), finding that the SEC’s order was “arbitrary and capricious” because the order differed, without explanation, from recent approvals of similar products....