According to a report by brokerage Bernstein, experts believe that there is a high probability of a U.S. spot bitcoin exchange-traded fund (ETF) being approved by the Securities and Exchange Commission (SEC), despite the SEC’s concerns about the reliability and manipulation of spot prices on exchanges like Coinbase. The report also mentions the SEC’s preference for a regulated bitcoin ETF led by mainstream Wall Street participants and existing regulated exchanges rather than products like Grayscale’s Grayscale Bitcoin Trust. Other industry insiders also share the optimism that a U.S. spot bitcoin ETF may be approved soon.

AI Sentiment: Neutral