There's an increased expectation of a spot Bitcoin (CRYPTO: BTC) Exchange Traded Fund (ETF) being approved in the coming months, in light of recent developments surrounding cryptocurrency regulations.
This news aligns with the upcoming Benzinga's Future of Digital Assets conference scheduled for Nov. 14, where discussions on the evolving crypto landscape will be at the forefront.
Neel Maitra, a partner at Wilson Sonsini who formerly worked for SEC Chairman Gary Gensler in the crypto division, recently discussed the state of crypto regulations in the U.S. with Canaccord Genuity.
Maitra's insights suggest a gradual positive momentum in favor of the crypto industry, particularly in light of court victories achieved by Ripple and Grayscale.
The former's case emphasized that not all cryptos should be classified as securities, while Grayscale's win sets a promising precedent for the possibility of a spot BTC ETF.
Bitcoin's ...