Steven Schoenfield, predicts that within the next three to six months, the U.S. Securities and Exchange Commission (SEC) could approve a Spot Exchange Traded Fund #Bitcoin (ETF). Mr. Schoenfield made this prediction at CCData's Digital Asset Summit in London.
He thinks the SEC will approve all ETF applications at once to avoid giving preferential treatment to any one company. He also emphasized that the SEC's decision to delay some ETF applications is a positive sign, showing that the regulator is looking for solutions rather than outright rejections.
According to Mr. Schoenfield, if the Bitcoin Spot ETF is approved, there could be capital inflows of $150 to $200 billion into Bitcoin investment products within three years, doubling or tripling current assets. managed in Bitcoin products. This prediction comes as the cryptocurrency market awaits regulatory approval for a Bitcoin ETF.
However, Ethereum Futures ETFs went live on Monday, but have so far failed to achieve expected returns.
