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JP Morgan Analysts Believe Spot Bitcoin ETF Approval is Inevitable After Grayscale's Victory Over SEC

JP Morgan analysts have said that the US SEC has no choice but to approve a spot Bitcoin ETF following Grayscale's recent victory over the regulator. The SEC has delayed its decision on spot BTC ETFs from various companies until at least mid-October.

The analysts believe that the SEC would be forced to approve the pending spot Bitcoin ETF applications from several asset managers, including Grayscale, rather than risk appearing disruptive or embarrassing. This delay could lead to the approval of multiple spot Bitcoin ETF applications at once, which would benefit investors by allowing for more competition in terms of ETF fees.

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