If true, the SEC will need to review and make a decision on Grayscale’s spot Bitcoin ETF application. If denied, Grayscale could appeal the decision.
Source: https://cointelegraph.com/news/sec-wont-appeal-court-decision-on-grayscale-bitcoin-etf
SEC reportedly wont appeal court decision on Grayscale Bitcoin ETF
October 14, 2023
CoinTelegraph