Grayscale’s victory over the Securities and Exchange Commission (SEC) in court, bringing the U.S. market closer to the approval of a Bitcoin spot ETF, was foreseen by crypto legal experts. Bloomberg Intelligence Senior Legal Analyst Elliot Z. Stein, Bloomberg’s ETF analysts James Seyffart and Eric Balcunas, and crypto lawyer John Deaton all predicted Grayscale’s court victory. Deaton, based on his experience fighting the SEC in the XRP case, believed that the agency consistently made inconsistent and absurd arguments. Expert Carlo Caralasare also stated earlier that the best chance of ETF approval rested on the outcome of the Grayscale v SEC case.
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