🤑 BlackRock Veterans Forecast Imminent SEC Approval for Bitcoin ETF.
Former BlackRock managing director Steven Schoenfield gives the U.S. SEC “three to six months” before it approves a Bitcoin spot ETF and believes spot ETF approval may result in a “$150 to $200 billion inflow” into Bitcoin investment products over three years.
There are estimations showing that every new ~$95M inflow moves BTC up by 1%. That means that BTC could move by 200-300% + the FOMO.
Black Rock, After all, has a winning score of 575-1 when it comes to getting ETFs through the SEC.
