Golden Finance reported that Stuart Barton, crypto ETF expert and chief investment officer of Volatility Shares, predicted that all spot Bitcoin exchange-traded fund (ETF) applications submitted to the U.S. Securities and Exchange Commission (SEC) may be approved at the same time.
Earlier in June, Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) became the first leveraged crypto ETF in the U.S. Volatility Shares was also the first company to file an Ethereum futures ETF application.
Barton said: “We applied first, but when all applications were approved at once, we did not gain a first-mover advantage. This is a precedent-setting event, and the SEC may follow this pattern when considering spot Bitcoin ETFs.”
