The post Cantor Analysts Say Bitcoin ETF Will Happen – Could BTC Prices Surge As This Bitcoin Mining Platform Raises $3 Million appeared first on Coinpedia Fintech News
Cantor Fitzgerald becomes the latest in a long line of financial institutions that believe a spot Bitcoin ETF approval is inevitable.
Analysts Josh Siegler and Will Carson from Cantor reveal that the SEC will likely green-light a Bitcoin ETF in the coming months, largely due to Grayscale’s legal victory against it. The DC Circuit court ruled in August that the SEC was wrong to reject Grayscale’s spot ETF application and accused the agency of acting arbitrarily and capriciously.
Cantor analysts also highlighted the importance of “a comprehensive surveillance-sharing agreement” in gaining SEC’s approval, considering that it addresses the agency’s concerns regarding market manipulation. For instance, BlackRock’s spot ETF application reveals that the TradFi giant has a surveillance-sharing agreement with C
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