The US Securities and Exchange Commission (SEC) is facing increasing pressure to approve Grayscale’s ETF application following a court ruling in favor of the asset manager. Bloomberg ETF analysts have increased the odds of Spot Bitcoin ETFs launching this year to 75%. The analysts had previously put the odds of ETF approval this year at 65% (pre-Grayscale’s victory). The court had adopted Grayscale’s primary argument that the prices in the spot and futures market were “99.9” correlated. As such, both Spot and futures ETFs should get the same regulatory treatment.

The SEC is meant to decide on Fidelity, VanEck, Invesco, and WisdomTree applications on September 2. However, many expect the SEC to delay its decision on these applications just like it delayed Cathie Wood’s ARK Invest ETF application. The negative PR that the SEC is getting is another event that could eventually lead to the approval of these applications. Hashdex recently filed an application with the SEC to offer a Spot Bitcoin fund, which could make it hard for the Commission to deny a Spot ETF application.

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

Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	8
People	WSJ., ABC, Eric Balchunas, James Seyffart, CNN, Cathie Wood
Companies	ARK Invest, Valkyrie XBTO, BlackRock, Invesco, Bloomberg, Grayscale, VanEck, Chicago Mercantile Exchange (CME), Teucrium, WisdomTree, US Securities and Exchange Commission (SEC), Fidelity
Currencies	Ethereum, Bitcoin
Securities	None