December 24th, 2025
The SEC has 45 days to request a rehearing for the Grayscale’s court verdict. It can either approve the conversion of GBTC into and ETF or reject it for any other reason.
The court ruled that the SEC failed to provide sufficient evidence as to why Grayscale’s application to convert its Bitcoin Trust to a spot ETF was denied while the agency approved a futures ETF.
Grayscale’s victory over the US SEC marks a milestone event which can open up the gates of approval for the spot Bitcoin ETF.
Both companies are also planning to launch three types of Bitcoin Futures ETFs.
Although unknown, many believe the Bitcoin wallet may belong to a major crypto exchange moving money around, or asset manager Blackrock Inc.
The Ether futures ETF tracks the futures contract of Ethereum.
The price of Bitcoin (BTC), the world’s largest digital asset, plummeted as much as 9% today, briefly trading at under $25,000.
The approval of spot Bitcoin ETFs is expected to tip Bitcoin’s supply-demand dynamics in the direction of a significant price surge.
Along with investing in Ether Futures, the Valkyrie Ethereum Strategy ETF will invest in other instruments like cash, cash-like instruments, or high-quality securities.
The United States Securities and Exchange Commission has announced an extension of the numerous pending Bitcoin Exchange-Traded Fund approvals decision until 2024.
The Jacobi FT Wilshere Bitcoin ETF listing marks a significant achievement for the firm and the broader European crypto investment landscape.
Aside from the Grayscale Bitcoin Spot ETF, the SEC is also reviewing other Bitcoin ETF proposals.
Bitcoin price has oscillated around $29k in the past five months despite the ETF frenzy and crypto regulatory clarity in the United States.
The world of crypto is keen on seeing the US SEC approve a spot Bitcoin ETF for the first time.
The approval of spot-Bitcoin ETF remains a hot issue of debate among investors, regulators, and financial institutions.