Over 11,465 letters have been send to the SEC in support of the Bitcoin Spot ETF by Grayscale.

On July the 6th the SEC is meant to give its decision on the next Bitcoin Spot ETF proposal. This time Grayscale wants to convert its already existing fund GBTC into a Spot ETF. While there has been enough pressure before as Grayscale even threated to DEFINITELY launch a lawsuit on the SEC if they reject the proposal.

Now there have been 11,465 letters send to the SEC that are in support of the of the Grayscale Spot ETF. That's 99% of all SEC comment letters. That's just another amount of pressure on them as clearly a larger amount wants that Spot ETF and the demand is big.

This may be the most likely scenario to get a Bitcoin Spot ETF approved but I personally would actually like if it's not as currently it won't have any influence on the price as we in a downtrend anyway. Would like a Spot ETF approval for this Winter when we are in a better scenario, hopefully.