[Opinion: Grayscale’s victory may become a catalyst for the start of a new bull market] Golden Finance reported that CryptoSea’s anonymous founder Crypto Rover stated on social media that the court ruled that the SEC’s decision to reject Grayscale’s Bitcoin spot ETF was wrong. What's next? It's possible that all other Bitcoin spot ETFs will be approved, it's really a question of when, not if. This ETF is a fully regulated spot ETF, not a synthetic version. A spot ETF means every share issued must be backed by actual Bitcoin at a 1:1 ratio. Given this requirement, I think this could be the catalyst for the start of a new bull market.