📰 Bloomberg_s Matt Levine analyzes: Grayscale, the crypto asset manager, has potential to evolve into a Bitcoin ETF. 🌐 SEC_s baffling approach: Approves Bitcoin futures ETFs, denies spot ETFs repeatedly. 🏛️ Chicago Mercantile Exchange_s CFTC-regulated futures and SEC_s spot concerns differ. 💡 Levine questions SEC_s rationale_ sees spot ETFs benefiting US investors. 📉🔍 Court ruling favoring Grayscale seen as challenge to SEC_s stance. 📊🏦

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