Earlier this week, the U.S. Securities and Exchange Commission (SEC) delayed a decision on an application by Hashdex to convert its existing bitcoin futures exchange-traded fund (ETF) into a spot vehicle. tastycrypto Head Ryan Grace weighs in on what the delay could mean for other bitcoin spot ETF applications.
You know, I think you're gonna see a little bit of selling pressure when those, those headlines hit. Um, but I don't think it changes anything. I think there's still a very high probability that we see these ETF S approved. Um I'm not surprised that the, the SEC is again kicking the can and delaying some of this. Uh I think that was to be expected, but as we get into, um early next year into the 1st and 2nd quarter, I think that we will see these approved and, you know, I, I think generally that's gonna again continue to support this bullish narrative.