Optimism for US Spot Bitcoin ETF Grows With Approval of Teucrium Futures Fund

But Teucrium filed its successful application under the “33 Act” and the “34 Act” , rather than the “40 Act” that the SEC approved all previous bitcoin futures ETFs under.more comfortable with 40 Act

“It’s a really positive step forward on the path of ultimately getting approval for spot-based ETFs,” Salm added. With over $25 billion in assets under management, GBTC’s is the most closely watched spot bitcoin ETF application. Grayscale is awaiting the end of a 240-dayissued by the SEC, in which the commission will decide by July 6 if its application will be approved.

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