After Grayscale’s victory in a case against the US Securities and Exchange Commission (SEC) Analysts Bloomberg James Seiffart and Eric Balciunas put a 75% chance of launching a spot Bitcoin ETF in 2023. Writes about it RBC Crypto.
On August 29, the court granted the claim of Grayscale, which is challenging the regulator’s refusal to approve its application to launch a bitcoin ETF. The company filed a lawsuit against the main US stock exchange regulator back in 2021.
The SEC will review applications for bitcoin ETFs from Bitwise on September 1, from BlackRock, VanEck, Fidelity, Invesco and Wisdomtree on September 2, Valkyrie will receive a decision from the regulator on September 4, according to the deadlines determined by the commission. At the same time, agency analysts predict delays.
In August, analysts at Bernstein said that Grayscale’s victory over the SEC was “clearing the way” for Bitcoin ETFs. The first applications for bitcoin-ETF can be approved next week, in general, the process will last until the beginning of 2024, experts say.
Source: Cryptocurrency
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