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Grayscale Ruling Does Not Guarantee Bitcoin Spot ETF Approval, Traders Say

“It doesn't mean that now Grayscale will be 100% able to list a spot Bitcoin ETF, nor that this will happen in the future,” one trader said.

By Shaurya Malwa|Edited by Parikshit Mishra

Updated Aug 30, 2023, 8:36 a.m. Published Aug 30, 2023, 8:36 a.m.

Chairman for the U.S. Securities and Exchange Commission Gary Gensler. (SEC, modified by CoinDesk) — Grayscale's victory over the SEC does not necessarily indicate a bitcoin spot ETF approval. (SEC, modified by CoinDesk)