A judge informed the SEC that its denial of Grayscale’s spot Bitcoin ETF application would have to be reviewed because it failed to provide a coherent explanation for its denial. It must be noted that the court ruling isn't the same as an approval, and the securities regulator still has 45 days to appeal the judge's opinion. So even as the court’s stance is a positive development from a crypto investors’ perspective with respect to crypto getting further mainstream acceptance, resistance from the regulatory institutions remains.