Grayscale Cries Foul Over SEC Approval of a Different Kind of Bitcoin ETF
The company says the difference between a leveraged Bitcoin future ETF and a spot Bitcoin ETF isn’t enough to stonewall the latter.
ETF euphoria is still wafting through both the crypto and finance space, and would-be Bitcoin investors are holding their breath ahead of what they hope will be the first approved exchange traded fund for spot markets.
Their spirits were lifted after regulators gave their blessing to 2X Volatility Shares to start trading the first ETF in leveraged Bitcoin futures on June 23. For many observers, the move was a step in the right direction, toward the inevitable approval of a spot market ETF.