A Bitcoin exchange traded fund (ETF) may soon be approved after the D.C. Circuit Court of Appeals sided with crypto management company Grayscale Investments over the Securities and Exchange Commission, mandating that the SEC review Grayscale’s Bitcoin ETF proposal.
Professor Jack Graves spoke with KCBS Radio, stating that the decision “It mainstreams Bitcoin investments. It makes it simpler when you have people like Blackrock and Fidelity involved because there’s a high level of trust.”