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Fox reporter Eleanor Terrett said the SEC has until midnight tonight to make a decision to appeal Grayscale. If the SEC does not appeal, then seven days from now, the case will be closed and Grayscale can begin working with SEC to initiate the approval process for a Bitcoin spot ETF.   t.co/LNkhZdOeG8

But the SEC can still find other reasons to refuse. According to Coinglass data, the current negative premium rate of Grayscale Bitcoin Trust (GBTC) has narrowed to 16.58%.