On August 30th, Gray's Chief Legal Officer Craig Salm stated in an official statement, "We appreciate the opinion of the Washington D.C. Circuit Court, which recognizes the straightforward issue of equal treatment under the law in this case. At the same time, we are very grateful to the legal teams of Munger, Tolles and Olson, Davis Polk and Wardell. Next, we will work closely with the SEC to develop a plan to introduce GBTC as a spot bitcoin ETF on NYSE Arca."