Recently, institutional investors reportedly rejoice as another avenue to invest in Bitcoin (BTC) has emerged. The Securities and Exchange Commission (SEC) of the United States approved a fourth Bitcoin future exchange-traded fund overnight (ETF).

Particularly, Teucrium, a hedge fund is behind the most recent Bitcoin Futures ETF approval. The ETF joins ProShares, Valkyrie, and VanEck Bitcoin Futures ETFs in a growing list of licensed futures ETFs.

Grayscale CEO Michael Sonnenshein continued to stir up support for a Bitcoin spot ETF in a Twitter discussion. Mr. Sonnenshein is the manager of the Grayscale Bitcoin Trust, which is one of the most popular ways to buy Bitcoin in the traditional world.

He tweeted “if the SEC is comfortable with a Bitcoin futures ETF, they must also be comfortable with a spot Bitcoin ETF.”

The arguments conjectured that “all Bitcoin futures ETFs are created equal” and the Teucrium is governed by the 1933 act rather than the 1940 act, as the other three ETFs are, the case for a Bitcoin spot ETF becomes “stronger.”

Sonnenshein has long advocated and led the charge for the formation of a Bitcoin spot ETF. In October 2021, the GBTC Trust will be converted into an ETF. The GBTC Trust is the largest in the legacy finance world, with over $35 billion in assets under management – its conversion to a spot ETF would be significant.

Bloomberg analyst Eric Balchunas believes it’s a “good sign for spot,” referring Bitcoin spot ETF.

While investors wait with baited breath for a Bitcoin Spot ETF, expert Doomberg says that the problem may be linked to the fact that futures contracts are “settled in cash,” rather than distinct acts.

Meanwhile, as the Bitcoin spot ETF controversy continues, ProShares recently filed for their Short Bitcoin Strategy ETF with the SEC.