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Bitcoin ETF s have been the topic of discussion for quite some time. This has been greatly elevated with the recent decision in the prolonged Grayscale and SEC lawsuit. With the federal court issuing a ruling to the SEC to review its Grayscale application of a Bitcoin ETF , speculation has increased. Also read: Crypto Asset Manager Grayscale Wins Lawsuit Against the SEC In one of the most recent reports, JPMorgan stated that the SEC will likely have to approve multiple Bitcoin spot ETFs, leaving them with no major choice. JUST IN: 🇺🇸 JPMorgan says SEC will likely approve Grayscale's Spot # Bitcoin ETF . — Watcher.Guru (@WatcherGuru) September 3, 2023 Grayscale win puts SEC’s stance on Bitcoin ETFs in jeopardy In JPMorgan ’s view, the implications go beyond just Grayscale’s trust. They believe the SEC would face major disruptions if it tried to deny other spot bitcoin ETF applications after greenlighting Grayscale. As ...

In a new development in the ongoing push for a bitcoin exchange-traded fund (ETF), crypto asset manager Grayscale has won its legal battle against the Securities and Exchange Commission (SEC). On Wednesday, the US Court of Appeals ruled in favor of Grayscale, stating that the SEC must review its previous rejection of the firm’s application to convert its Bitcoin Trust into an ETF. The court vacated the rejection, ordering the agency to reevaluate the decision. Also read: Crypto Asset Manager Grayscale Wins Lawsuit Against the SEC Grayscale’s victory could open the door for Bitcoin ETFs Source: CryptoSlate This ruling opens the door for the creation of the first bitcoin ETF, analysts said in a new report from broker Bernstein. While it does not immediately greenlight Grayscale’s GBTC product to become an ETF, it puts pressure on the SEC to approve one of the many proposed bitcoin ETF applications currently pending review. Analysts predict likely appr...

Crypto asset manager Grayscale recently won a legal case against the Securities and Exchange Commission (SEC) regarding a proposed spot bitcoin exchange-traded fund (ETF). Also read: Crypto Asset Manager Grayscale Wins Lawsuit Against the SEC Earlier, the SEC rejected the crypto asset manager’s application regarding the Bitcoin ETF . However, the US Court of Appeals ruled that the SEC must re-evaluate its initial rejection of Grayscale’s ETF application. Following the major win, Grayscale CEO Michael Sonnenshein recently sat down with Bloomberg News to share his views on the win. JUST IN: Grayscale now closer to a Spot # Bitcoin ETF launch after winning its lawsuit against the SEC, Bloomberg reports. pic.twitter.com/sGfsjHC17h — Watcher.Guru (@WatcherGuru) August 30, 2023 Grayscale is moving closer to a spot Bitcoin ETF During his conversation, Sonnenshein stated that yesterday’s win was the result of a year’s worth of litigation...

Grayscale Investments LLC moved closer to launching a spot-based Bitcoin exchange-traded fund (ETF) in the US. A three-judge appeals panel in Washington on Tuesday overturned the decision by the US Securities and Exchange Commission to block the ETF, which would be tied to the spot Bitcoin price. JUST IN: 🇺🇸 US Court paves way for first Spot #Bitcoin ETF after Grayscale wins lawsuit against SEC, Bloomberg reports. pic.twitter.com/SmmA3szHpT — Watcher.Guru (@WatcherGuru) August 29, 2023 Grayscale has been pursuing the Spot Bitcoin ETF for a year. Now, with the courts on their side, this is a major win not just for Grayscale, but for all of cryptocurrency. The SEC, however, will look to fight the decision. The Grayscale Bitcoin trust is one of the largest trusts holding Bitcoin, and its holding is also seeing a rally of over 20%. Also Read: SEC Approval of Ethereum Futures ETF Expected in October Bitcoin is now trading above ...

Bitcoin exchange-traded funds [ETFs] are still a hot topic of discussion. As the community speculates on the potential approval of these ETFs, a number of analysts are becoming increasingly positive about the likelihood of approval. Bloomberg analysts James Seyffart and Eric Balchunas, in particular, have heightened their more optimistic view regarding the possibility of Bitcoin ETF applications receiving the green light. Seyffart recently shared on Twitter that both he and Balchunas raised their projected chances of spot Bitcoin ETF approval to 65%. It’s worth mentioning that just a few weeks ago, they had set the odds at 50%, indicating a significant increase in confidence. This revision also marks a substantial improvement from their previous prediction of a mere 1% probability, a couple of months back. The analysts pointed out that various factors are influencing the situation. Gary Gensler, the chairman of the Securities and Exchange Commission [SEC], holds a crucial pos...