north america 704 crypto positive

Institutional investors have long sought access to assets in a familiar environment, and exchange-traded funds (ETFs) provide just that. For years, various product providers have been attempting to launch the first spot-based US Bitcoin ETF, but the Securities and Exchange Commission (SEC) has been steadfast in its refusal to approve such a product, despite approving several futures-based ETFs over the past two years. However, a recent court ruling in the case of Grayscale versus the SEC could change the regulator’s stance. The three-judge panel unanimously ruled that the SEC had acted arbitrarily in its rejection of spot-based products and ordered a review. It is likely that the BlackRock Bitcoin ETF will soon become a reality.



This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography North America
Countries
Sentiment positive
Relevance Score 8
People None
Companies US-Bitcoin-ETFs, SEC, Börsengehandelte Fonds, BlackRock, Grayscale
Currencies US Dollar, Sector, Ethereum, grayscale, Bitcoin
Securities None

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