SEC could use alternative arguments to reject Grayscale spot Bitcoin ETF, Berenberg says

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SEC could use alternative arguments to reject Grayscale spot Bitcoin ETF, Berenberg says
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Prices of Bitcoin, Ethereum and altcoins in the top 30 assets have recently increased, riding on the back of Grayscale’s win against the US Securities

ETF application by the asset manager, according to research from analysts at the German investment bank Berenberg cited by CoinDesk.

Analysts at the German Investment Bank said that Coinbase’s involvement in the spot Bitcoin ETF could add to the regulator’s concerns and strengthen its arguments to oppose the approval of such trading product.

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