“That [quotation of spot ETF) makes it less clear how much more bitcoin could outperform if a favorable U.S. Securities and Exchange Commission SEC ruling occurs. That is, in the event of one or more approvals, we believe there could be meaningful net inflows, but these may take fix to materialize while markets tend to be impatient,” Duong said.
Check Also
XRP Price Skyrockets Past $1 as SEC Faces Legal Troubles And Favorable Regulatory Shift Looms
In December 2020, the SEC filed a lawsuit against Riffle Labs, accusing the company of …