[Former BlackRock executive: SEC may approve all spot Bitcoin ETFs immediately] Golden Finance reported that Martin Bednall, a former BlackRock executive, said at the CCData Digital Asset Summit earlier this week that the U.S. SEC may approve it at the same time. All spot Bitcoin ETF applications, potential Bitcoin ETF approval would have “huge positive impact” on the cryptocurrency market. Steven Schoenfeld, CEO of MarketVector Indexes, a unit of VanEck, agreed, saying approval could "come within the next 3 to 6 months." That's because the SEC has not recently rejected ETF applications outright and instead sought comment. Additionally, Schoenfeld added , the SEC recently lost the Grayscale case, which means it may have to allow the Grayscale Bitcoin Trust to convert into a spot Bitcoin ETF.