Grayscale Continues Efforts For Spot Bitcoin ETF

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Grayscale is continuing their push with the SEC to allow the Grayscale Bitcoin Trust (GBTC) to transition to an ETF. A new letter from Grayscale’s legal team states, “We believe the Teucrium order confirms the fundamental point made in our November 29, 2021 letter in support of the above-referenced proposal: when it comes to approving ETPs, there is no basis for treating spot Bitcoin products differently from Bitcoin futures products.” Grayscale also notes that futures-based funds aren’t always exposed to less risk than a spot fund as the futures pricing comes from data of spot exchanges.

ETF Newz Says:

With all of these factors noted, the SEC will make their decision on the spot bitcoin ETF sometime this summer and Grayscale says legal action is possible to aid the launch.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

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