Thus, there is a strong feeling in the crypto industry of Grayscale’s victory in the confrontation with the SEC. According to Bloomberg analysts, the ETF’s chance of recognition has reached 90%. From a crypto industry perspective, current precedent could make Bitcoin a tool of traditional financial markets.
It is not entirely clear whether the situation will develop according to current logic. Government regulators in many countries are cautious about the freedom of cryptocurrencies, and ETFs in particular; They see in these assets the danger of fraud, volatility and manipulation of the investment market.
But the situation in the United States could completely change the face of the crypto industry.
Source: Ferra
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