Avoiding Legal Challenges: Will SEC Approve Spot Bitcoin ETFs?
In its latest report, American bank JPMorgan has noted that the U.S. Securities and Exchange Commission (SEC) might find itself facing legal challenges from applicants if it decides to deny the approval of spot Bitcoin Exchange Traded Funds (ETF) applications.
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In its latest report, American bank JPMorgan has noted that the U.S. Securities and Exchange Commission (SEC) might find itself facing legal challenges from applicants if it decides to deny the approval of spot Bitcoin Exchange Traded Funds (ETF) applications.
The bank's analysts deem such a denial to be of low likelihood; they posit that the SEC might be looking to circumvent another legal battle on this particular issue.
Consequently, JPMorgan predicts the approval of several spot Bitcoin ETFs in the months ahead.
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