---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-012412"
form_type: "8-K"
ticker: "GBTC"
cik: "0001588489"
company_name: "Grayscale Bitcoin Trust ETF"
filed_at: "2022-07-01T23:59:59+00:00"
generated_at: "2026-06-24T21:42:10.236682+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grayscale sues SEC over rejection of GBTC spot Bitcoin ETF conversion

## Summary
- Filed petition for review in D.C. Circuit on June 29, 2022, arguing SEC violated APA and Exchange Act.
- Led by former U.S. Solicitor General Donald B. Verrilli Jr. of Munger, Tolles & Olson.
- SEC received record 11,400+ comments during review, over 99% supporting conversion.
- CEO Sonnenshein calls SEC decision 'arbitrary and capricious,' says it blocks billions in investor capital.

## SEC filing metadata
- accession: 0000950170-22-012412
- form_type: 8-K
- ticker: GBTC
- cik: 0001588489
- company_name: Grayscale Bitcoin Trust ETF
- filed_at: 2022-07-01T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1588489/000095017022012412/0000950170-22-012412-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1588489/000095017022012412/gbtc-20220629.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-012412
- JSON: https://secwatch.observer/filing/0000950170-22-012412.json
- Plain text: https://secwatch.observer/filing/0000950170-22-012412.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.