With the backdrop of the U.S. Securities and Exchange Committee’s (SEC) recent decision not to contest a court ruling in the Grayscale Bitcoin (CRYPTO: BTC) ETF case, the crypto market experienced a whirlwind of excitement following a false report about the approval of a spot Bitcoin Exchange Traded Fund (ETF), signifying the eager anticipation within the institutional sector for this milestone. Experts concurred the erroneous news, which momentarily propelled Bitcoin’s price upwards, showcased the significant impact the approval of a spot Bitcoin ETF would have on the market. Speaking with Be…