The massive rise in digital currency prices over the past few hours was prompted by a court ruling in favor of the American company Grayscale Investments from the Federal Court of Appeal, on Monday, in its effort to establish spot funds for trading Bitcoin on the stock exchange, despite the objection of the Securities and Exchange Commission. .

These official decisions reinforce the court's previous ruling two months ago, which held that the SEC was "arbitrary" in rejecting Grayscale's attempt to convert the approximately $17 billion Grayscale Bitcoin Trust into an ETF. On the stock exchange.

Last week, the SEC rejected an appeal against that ruling, raising hopes that a bitcoin-related ETF could be approved in the next few months, which would contribute to further rises in cryptocurrency prices.

A Bitcoin exchange-traded fund would give investors a way to learn about Bitcoin price movements without directly owning the digital currency.

It is worth noting that asset managers such as BlackRock and Fidelity are among the funds that intend to offer spot contracts for Bitcoin trading via exchange-traded funds.

Central bank digital currencies can help increase inclusion by giving more people access to financial services at a lower cost, enhancing the flexibility and efficiency of payment systems and making cross-border payments and transfers cheaper and faster.

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