The United States Securities and Exchange Commission (SEC) has missed its deadline to challenge Grayscale’s court win for the approval of a spot Bitcoin exchange-traded fund (ETF). While some see this as a positive sign, it does not guarantee approval for a Bitcoin ETF. The SEC could still re-review and deny the application on different grounds. Grayscale had filed a lawsuit against the SEC after its request was dismissed last year. This development allows the SEC to review Grayscale’s application, but does not necessarily indicate imminent approval.
AI Sentiment: Neutral