JPMorgan Warns of Potential Lawsuits if SEC Rejects Spot Bitcoin ETF Applications
The possibility of SEC approval for a spot bitcoin exchange-traded fund (ETF) has generated growing optimism in recent weeks, with some analysts predicting approvals could come within months. Potential legal battles loom if the SEC ultimately rejects any spot Bitcoin ETF applications, however.
According to a Wednesday report from JPMorgan analysts led by Nikolaos Panigirtzoglou, the SEC could face lawsuits from ETF applicants if it declines to approve any spot bitcoin ETFs. Though the analysts view an outright rejection as unlikely, they acknowledge it remains a possibility.
“Any rejection could trigger lawsuits against SEC creating more legal troubles for the agency,” the analysts wrote in the report.
Panigirtzoglou told The Block that while new legal challenges would not be ideal for the SEC, it’s a risk the agency may be willing to take.
The only Reason why i am positive on Bitcoin ETF from Blackrock because the Big Guys don’t want to lose so they will do everything to make it work
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