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.

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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