Pending Grayscale ruling could tip balance in race for bitcoin ETF

A looming court ruling and questions posed by the SEC could make all the difference in the race toward a spot bitcoin ETF.

move to further delay a decision on an application for a spot bitcoin ETF from Ark Invest and 21Shares

"In that scenario, the SEC would have much more cover to continue denying spot bitcoin ETFs," Geraci said."Why approve a spot bitcoin ETF until they know the outcome of that case? There’s simply no reason to do so in my opinion." Geraci said he believes that a favorable Grayscale ruling and the Coinbase surveillance sharing agreements “will be enough to get the SEC over the finish line on spot bitcoin ETF approval.”

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