The Securities and Exchange Commission (SEC) has decided not to seek a new hearing regarding the court ruling on Grayscale spot bitcoin ETF. This development has generated optimism in the industry that a bitcoin ETF may be approved soon. However, experts caution that this does not guarantee quick approval and there is still a possibility of the SEC re-reviewing and denying the proposal on different grounds, restarting the legal battle. This information is provided for informational purposes only and should not be taken as legal, tax, investment, financial, or other advice.
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