Ark Invest CEO CathieDWood and Galaxy Digital CEO novogratz are both optimistic about the imminent approval of a spot bitcoin ETF. HeleneBraunn reports
“I think the SEC, if it’s going to approve a bitcoin ETF, will approve more than one at once,” said Wood,Speaking on his company’s earnings call on Tuesday morning, Novogratz – citing sources at BlackRock and Invesco –not a question of “if” but “when” one of the eight currently outstanding applications for a spot bitcoin ETF will receive SEC approval.
“It’s a big deal, because both our contacts from the Invesco side and from the BlackRock side gets you to think that this is a question of when, not if, that the outside window is probably six months,” Novogratz said. “And so you’re kind of in your four to six months, if you had to put a pin the tail on the donkey audit.”
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