U.S. SEC Approval of a Spot BTC ETF Is Likely: Bernstein

U.S. SEC Approval of a Spot BTC ETF Is Likely: Bernstein

The lack of a bitcoin spot ETF leads to the growth of over-the-counter products like the Grayscale Bitcoin Trust (GBTC), which are more expensive, illiquid and inefficient, the broker said. Grayscale is owned by CoinDesk’s parent company, Digital Currency Group (DCG).

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