First Blackrock, now Fidelity have filed a Crypto ETF. Meanwhile Grayscale has been trying get one for years now and have been denied by regulators, over which they sued. What's worse, if Blackrock and/or Fidelity are approved, Grayscale loses tons of cus

This is starting to look very questionable by now. Blackrock were the first to file for an ETF. And soon after comes Fidelity. These two companies are very large and well-connected.Blackrock in particular has a SEC ETF approval rate of 575-1 which was it very likely that they will be approved.

But if they are approved, this gives a sharp disparity with the Grayscale situation. Grayscale has been in repeated meetings and made many attempt to obtain a Bitcoin ETF, but where denied by the SEC. It would raise some serious question if Blackrock is approved first. The worst part of it is that if they are, Grayscale would not get to be first to market and Grayscale probably lose out on a lot of profit that Blackrock would receive. They would lose even further if Fidelity is also approved before them.