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Berenberg: Grayscale's legal victory increases the likelihood of SEC approving a Bitcoin ETF for spot trading.

According to BlockBeats news on August 31st, German investment bank Berenberg stated in a research report that the US Securities and Exchange Commission (SEC) is likely to propose new reasons for rejection in order to defend the delay of the application for a bitcoin ETF. In addition, the Berenberg analyst team stated that Grayscale's victory may increase the likelihood of "SEC ultimately approving one or more applications for a bitcoin ETF."

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Berenberg: Grayscale's legal victory increases the likelihood of SEC approving a Bitcoin ETF for spot trading.

An entity bought low and sold high on Ethereum, recently buying back 3,000.5 ETH at a recent low.

A certain smart money bought the dip and went long on 26,974 ETH, now with a floating profit of $842,000.

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