The most exciting event in the cryptocurrency market in recent weeks has undoubtedly been the Bitcoin Spot ETF applications. The trillion-dollar Blackrock application last month for the spot ETF, which was rejected in the past years, was also the main factor in the rise in prices. The US-based brokerage firm Bernstein report stated that these latest applications are likely to be approved.
Bernstein’s July 3, 2023 research report stated that the US Securities and Exchange Commission’s (SEC) opposition to the Bitcoin Spot ETF issue is a tough one to sustain. The report also emphasized that these applications have a high probability of being approved.
One of the highlights of the report is Reviews of Grayscale’s OTC product it happened. Rather than dealing with the SEC’s Grayscale product, it’s more institutional and pervasive. Wall Street actors will take part It is stated that it would be preferable to operate in a regulated and easy area.
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