SEC's Grayscale Defeat Increases Odds Of Spot Bitcoin ETF Approval To 75%: Experts
Portfolio Pulse from Murtuza Merchant
Following Grayscale's (OTC:GBTC) recent victory over the Securities and Exchange Commission (SEC), Bloomberg ETF experts, James Seyffart and Eric Balchunas, have increased their predictions for the approval of a spot Bitcoin (CRYPTO: BTC) ETF to 75% in 2023, and nearly guaranteed by the end of 2024. They believe the SEC has limited options to continue denying spot Bitcoin ETF applications after the Grayscale case.
August 30, 2023 | 7:54 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The increased likelihood of a spot Bitcoin ETF could potentially boost the price of Bitcoin in the short term.
The increased likelihood of a spot Bitcoin ETF could lead to increased demand for Bitcoin, potentially driving up its price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Grayscale's recent victory over the SEC increases the likelihood of a spot Bitcoin ETF, which could potentially increase interest and investment in Grayscale.
The court ruling in favor of Grayscale could lead to the approval of a spot Bitcoin ETF. This could increase the interest and investment in Grayscale as it could be seen as a more legitimate and regulated investment option.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80