Bernstein: The victory of Grayscale clears the way for spot Bitcoin ETFs

ChainCatcher news, Bernstein reports that following last month's favorable ruling for Ripple, Grayscale has achieved a second landmark victory in its lawsuit against the U.S. Securities and Exchange Commission (SEC), a ruling that "could clear the way for a spot Bitcoin ETF" and increase the chances of the SEC approving all current applications together.

Previously, Bernstein anticipated that the market size for spot Bitcoin ETFs would reach 10% of Bitcoin's market capitalization within two to three years.