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Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan

For the SEC to defend its denial of Grayscale’s proposal to convert GBTC into an ETF, it would have to withdraw its previous approval of futures-based bitcoin ETFs, which is unlikely, the report said.

Grayscale's new ad campaign in New York's Penn Station. (Nikhilesh De/CoinDesk)
Grayscale's new ad campaign in New York's Penn Station. (Nikhilesh De/CoinDesk)