๐ **Prediction: Bitcoin Spot ETF Approval in 3-6 Months** ๐
๐ข Steven Schoenfield, former BlackRock MD, and CEO of MarketVector Indexes, anticipates SEC approval for a Bitcoin spot ETF in 3-6 months.
๐ฌ SEC's recent request for comments, not rejections, indicates progress and improved communication.
๐ผ After the Grayscale lawsuit loss, allowing GBTC conversion to ETFs increases the likelihood.
๐ฐ If BlackRock's BTC spot ETF gets the green light, a potential $200 billion influx into the market could follow.