Spot Bitcoin ETFs Could Soon See SEC Approval, Suggests Bernstein Analysis

Brokerage firm Bernstein on Monday stated that the U.S. Securities and Exchange Commission (SEC) may find it challenging to maintain its current position on spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs), suggesting that the chances of approval are relatively high. The report highlights that the SEC has already given the green light to futures-based Bitcoin ETFs, including those that are leverage-based, on the grounds that futures pricing originates from a regulated exchange such as the CME, Coindesk reported.