Popular asset manager Grayscale has experienced another delay in the court ruling for a Bitcoin ETF. The potential date for the ruling is now set for August 29, 2023, marking the third time the court has postponed its decision. This delay is longer than the average timeline for similar cases in the US court system. However, there is optimism that a resolution will be reached before the end of August. The approval of a Bitcoin ETF could help restore confidence in cryptocurrencies and potentially lead to investment products focused on other digital assets.
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