The court simply said that the SEC has erred in approving one ETF (bitcoin futures) and not approving another (spot bitcoin). 1) Approve all or some of the nine applications for a spot bitcoin ETF as soon as possible. Applicants for a spot bitcoin ETFGrayscale Bitcoin TrustArk/21 Shares Bitcoin TrustBitwise Bitcoin ETF TrustBlackRock Bitcoin ETF TrustVanEck Bitcoin TrustWisdomTree Bitcoin TrustValkyrie Bitcoin FundInvesco Galaxy Bitcoin ETFFidelity Wise Origin Bitcoin Trust2) Delay as long as the law allows. Even assuming a spot bitcoin ETF is coming, it doesn't mean Grayscale can necessarily jump the line. Note: Matt Hougan Chief Investment, Officer for Bitwise Asset Management, one of the applicants for a spot bitcoin ETF, will appear on ETF Edge on Halftime Report Wednesday.

---

Persons: Gary Gensler, Who's, Matt, Craig Salm, Grayscale's, Jeremy I, VedderPrice Organizations: Appeals, Federal Circuit, Washington , D.C, SEC, U.S, BlackRock, Fidelity, Bitcoin, Federal Register, Investment, Bitwise Asset Management, Edge Locations: Washington ,