Bitcoin traders wipe Grayscale gains after SEC delays spot ETF decisions
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The next decision deadlines for the ETF applications are between Oct. 16 and Oct. 19, though the SEC can also choose to delay to decision up to around mid-March next year when it will be forced to make a decision.
However, Balchunas said on Aug. 30 that the probability of the SEC approving a spot Bitcoin ETF this year was 75% — up from an earlier prediction of 65%.
He pinned the probability hike on Grayscale’s court win saying the judge’s unanimous rejection of the SEC’s arguments means it “will struggle to justify further denials as it faces deadlines.”
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