With Bitwise and Grayscale Decisions Looming, Spot Bitcoin ETF Approval Hopes Are Running Low

“It appears to me that the longer it takes, the farther the industry tends to walk away from the SEC, and the harder it becomes to get the approval,” Lau told CoinDesk. “The chance that it might take a very long time to get the spot ETFs approval, or it might never get approved by the SEC, has been increasing.”