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Former BlackRock executive Martin Bednall stated earlier this week at the CCData Digital Asset Summit that the U.S. SEC may simultaneously approve all Bitcoin spot ETF applications. The potential approval of Bitcoin ETFs could have a "tremendously positive impact" on the cryptocurrency market. Steven Schoenfeld, CEO of MarketVector Indexes under VanEck, also expressed agreement, stating that the approval could be completed within the next 3 to 6 months. This is because the SEC has not outright rejected ETF applications recently but has been seeking feedback. Additionally, Schoenfeld added that the SEC recently lost the Grayscale case, which could mean it has to allow the conversion of the Grayscale Bitcoin Trust to a spot Bitcoin ETF. |
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Post time 12-10-2023 12:34:33
