Former BlackRock executive: SEC may approve all spot Bitcoin ETFs at the same time

深潮 TechFlow · 2023-10-06T01:33:03.000Z

Deep Trend TechFlow news, according to The Block, former BlackRock executive Martin Bednall said at the CCData Digital Asset Summit that the SEC may approve all spot Bitcoin ETF applications at the same time. Steven Schoenfeld, CEO of VanEck-owned MarketVector Indexes, agreed, saying approval could come within the next three to six months. That’s because the SEC recently stopped short of rejecting ETF applications outright, instead asking for comment. Schoenfeld added that the SEC’s recent loss in the Grayscale case means it may have to allow the Grayscale Bitcoin Trust to convert into a spot Bitcoin ETF.

According to The Block, former BlackRock executive Martin Bednall said at the CCData Digital Asset Summit that the SEC may approve all spot Bitcoin ETF applications at the same time.
Steven Schoenfeld, CEO of MarketVector Indexes under VanEck, also agreed and said that approval may be completed in the next 3 to 6 months. Because the SEC did not completely reject the ETF application recently, but sought opinions.
Schoenfeld added that the SEC’s recent loss in the Grayscale case means the Grayscale Bitcoin Trust may have to be allowed to convert into a spot Bitcoin ETF.