Former BlackRock managing director: Spot Bitcoin ETF expected to be approved within 3-6 months

Former BlackRock managing director and current CEO of MarketVector Indexes Steven Schoenfield said at the CCData Digital Asset Summit in London that it would take three to six months for the U.S. SEC to approve a Bitcoin spot ETF.

"I think the SEC will probably approve all ETF applications at the same time," Schoenfield said. "They don't want to give anyone a first-mover advantage. They didn't reject the entire list outright, but instead asked for comments, which is a small but significant improvement." "(Decrypt)