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.

According to ChainCatcher news and monitoring data from Santiment, whale and shark addresses may have had prior knowledge of the outcome of the Grayscale vs. SEC lawsuit. The day before this news was released, wallets holding 10-10,000 BTC accumulated BTC worth $388.3 million.