According to a report, JPMorgan analysts believe that the U.S. Securities and Exchange Commission (SEC) will approve several spot bitcoin exchange-traded funds (ETFs) in October. The analysts mention a recent court decision in favor of Grayscale Investments, which could lead to the SEC approving pending spot bitcoin ETF applications from various asset managers. The report suggests that this decision, along with the recent SEC vs. Ripple court decision, could result in a lessening of the SEC’s crackdown on crypto companies. JPMorgan analyst Panigirtzoglou highlights the court’s emphasis on the SEC’s inconsistent treatment of similar products and states that the SEC is unlikely to retroactively withdraw its previous approval of futures-based bitcoin ETFs. The sentiment of the content is positive.
AI Sentiment: Positive