<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-08/b4d0c074-be10-428f-a26d-fe85d48b3179.jpg"></p><p>The pending Grayscale ruling could impact the race for an approved spot Bitcoin exchange-traded fund.</p>