According to Foresight News, a report published by JPMorgan suggests that the likelihood of a spot Bitcoin ETF being approved has increased after the US Federal Appeals Court asked the Securities and Exchange Commission (SEC) to review Grayscale's application to convert GBTC into an ETF. However, such approval is unlikely to change the rules of the cryptocurrency market.
Spot Bitcoin ETFs have existed outside the United States for some time but have failed to attract significant interest from investors.
