Grayscale Investments had previously filed an application with the Securities and Exchange Commission (SEC) last year to convert its Grayscale Bitcoin Trust into an ETF. However, the SEC had rejected this application. In August, a court ruled that the SEC’s denial was “arbitrary and capricious,” requiring the SEC to reconsider Grayscale’s application. The key difference between spot Bitcoin ETFs and Bitcoin futures ETFs is that spot Bitcoin ETFs would hold the actual Cryptocurrency is a form of digital or virtual currency that uses cryptography for security and operates independently of a central authority or traditional banking system. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. Key Features: • Decentralization: Cryptocurrencies operate on a decentralized network of computers, meaning no central authority governs or regulates it. • Cryptography: Secure transactions and..., whereas Bitcoin futures ETFs track the price of Bitcoin futures contracts. The approval of spot Bitcoin ETFs is eagerly anticipated as they would allow investors to directly own and trade Bitcoin.