1. JPMorgan's report suggests that the chances of a spot Bitcoin ETF being approved in the United States have increased.
2. This increase in likelihood is tied to a US Federal Appeals Court request for the Securities and Exchange Commission (SEC) to review Grayscale's application to convert GBTC into an ETF.
3. The report also #emphasizes that even if a spot Bitcoin ETF is approved, it is unlikely to #fundamentally alter the #rules of the cryptocurrency market.
4. Spot #Bitcoin ETFs have been #available in other countries for a while but have not seen significant investor interest in the US market.
