📣 Former BlackRock executive Steven Schoenfield predicts that the US SEC will approve the Spot Bitcoin ETF within 3 to 6 months. 🚀

- Schoenfield shared this prediction at the panel about ETFs held at the CCData Digital Asset Summit in London.

- As the financial giant that manages $9.42 trillion in assets, BlackRock is in a strong position to receive spot Bitcoin ETF approval from the SEC.

- In case of approvals, it is thought that BlackRock may have a first mover advantage.

- Schoenfield stated that the approval of spot ETFs could lead to an inflow of $150 to $200 billion into Bitcoin investment products within 3 years.

- However, Schoenfield emphasized that BlackRock may face significant competition in this space.