Why the Grayscalee's win is a big deal and its implication on the market and other ETF approval

Grayscale just won this lawsuit against the SEC and now they can finally have their spot ETF reviewed! This is huge for the crypto industry and the investors who want to get exposure to the real deal, not some synthetic derivatives. This means that Grayscale might soon be able to offer a product that tracks the price of Bitcoin directly, without any intermediaries or counterparty risks. They will also be able to lower their fees and increase their liquidity, making it more attractive and accessible for retail and institutional investors alike.

But what does this mean for the other pending Bitcoin spot ETFs? Well, it could be a game-changer. Grayscale has set a precedent that could pave the way for approval of ETFs. The SEC might have to reconsider its stance on the market manipulation and custody issues that have been holding back the innovation in this space. This is because the court states that SEC would have to put up a compelling reason to deny the ETFs.

Either way, this is a historic moment for the crypto industry and a big win for Grayscale. Congratulations to them and to all the Bitcoin hodlers out there!

Needless to say, lets f go!!!

Edit: they can now have their ETF application reviewed and it is not approved as is.