Grayscale Wins Court Battle: A Step Forward for Bitcoin ETFs
A federal judge has overturned the SEC’s decision to deny Grayscale’s Bitcoin ETF, marking a significant victory for Bitcoin exposure. The court ruling highlights the similarity between Grayscale’s proposed ETF and existing Bitcoin futures products approved for trading. While the SEC may have the opportunity to appeal the decision, experts believe this victory could lead to the eventual approval of spot BTC ETFs in the U.S. This development puts pressure on the SEC to justify rejecting spot Bitcoin ETF applications and could open the door for a wider range of investors to offer spot Bitcoin ETFs in the country.
Read the original HERE
