Opinion: Grayscale's lawsuit with the SEC will have an important impact on the approval of the spot bitcoin ETF

2023-08-12 09:08:02BlockBeatsShare to:

BTC-0.15% ($29,433.53)

BlockBeats news, on August 12, Nathan Geraci, president of the consulting firm The ETF Store, said that Grayscale Investments (Grayscale) filed a lawsuit with the SEC last year because the SEC rejected its proposal to convert its flagship fund GBTC into a spot bitcoin ETF. Will play a role in the approval of the bitcoin spot ETF. The SEC will wait for the final ruling of the grayscale lawsuit. Under the premise that there is no clear result of this case, the SEC has more reasons to continue to reject the application of the spot bitcoin ETF. Nathan Geraci added that once the court trial results are favorable to Grayscale, the key to the approval of the spot bitcoin ETF will be how the SEC views the Coinbase monitoring sharing agreement proposed by the ETF listing trading platform. The approval of the spot bitcoin ETF has a boost.

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