A former top executive at global investment giant BlackRock said that US regulators will likely approve all Bitcoin (BTC) Spot ETF applications that have been submitted by many investment companies simultaneously.
Former BlackRock managing director Martin Bednall, who is now CEO of Jacobi Asset Management, said that the US Securities and Exchange Commission (SEC) had a strong case for greenlighting the app altogether.
“On the question of a spot Bitcoin ETF in the US, I think the outcome is going to be very positive and that's because I think the SEC will probably approve all the applications at the same time. I'm sure they won't want to give anyone a first mover advantage and I think that's because the BlackRock name is there," said the former BlackRock managing director.
Will a Bitcoin Spot ETF be approved soon? $BTC $ETH
Former BlackRock managing director Martin Bednall, who is now CEO of Jacobi Asset Management, said that the US Securities and Exchange Commission (SEC) had a strong case for greenlighting the app altogether.
“On the question of a spot Bitcoin ETF in the US, I think the outcome is going to be very positive and that's because I think the SEC will probably approve all the applications at the same time. I'm sure they won't want to give anyone a first mover advantage and I think that's because the BlackRock name is there," said the former BlackRock managing director.
Will a Bitcoin Spot ETF be approved soon? $BTC $ETH