Last week, Grayscale won its lawsuit against the SEC over the agency’s refusal to approve spot bitcoin ETF.
This victory could have a significant impact on the crypto market, and not just in the long term.
Approval of Bitcoin ETFs following Grayscale’s victory
The first consequence could be that the SEC will finally be forced to approve spot bitcoin ETFs.
It should be recalled that in the US, the SEC has so far only approved ETFs based on bitcoin price futures contracts, and not yet ETFs backed directly by BTC (so-called spot bitcoin ETFs).
In addition, spot bitcoin ETFs have been approved in other parts of the world, including neighbouring Canada.
The ruling by the Southern District Court of New York, which gave Grayscale the right to do so, effectively ordered the SEC to proceed with approval if all requirements and laws are met.
Many believe that the SEC now has its back to the wall, with JPMorgan, for example, arguing that the agency will probably have no choice bu
We współpracy z: https://en.cryptonomist.ch/2023/09/04/bitcoin-etf-coming-after-grayscale-victory/
