The US Securities and Exchange Commission (SEC), after Grayscale’s victory in the lawsuit, will most likely have no choice but to approve applications for the creation of spot Bitcoin ETFs. This is reported The Block with reference to JPMorgan.
JPMorgan analyst Nikolaos Panigirtzoglou said:
On August 31, the SEC delayed a decision on all applications for bitcoin exchange-traded funds. According to JPMorgan analysts, this delay indicates that several applications will be approved at once.
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Source: Cryptocurrency
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