Bloomberg: Grayscale has a 70% win rate in the SEC lawsuit, and the likelihood of Bitcoin spot ETF approval is 50%

ChainCatcher news, Bloomberg senior legal analyst Elliot Z. Stein stated that Grayscale has a 70% chance of winning the related lawsuit against the U.S. SEC. Given this situation, the analyst believes that the likelihood of a Bitcoin spot ETF being approved in the U.S. this year is 50%. The U.S. SEC and Chairman Gary Gensler may be preparing for a loss and hope to gain an advantage by approving the spot Bitcoin ETF application either before or in sync with the court ruling, thereby diminishing the impact of the spot Bitcoin ETF or even rendering it meaningless. (source link)