Happycoin.club - Former BlackRock managing director Stephen Schoenfield, who is now CEO of MarketVector Indexes, predicts that the US SEC will approve a spot Bitcoin ETF within three to six months.
MarketVector's CEO had previously estimated approval would take nine to twelve months. However, the SEC's recent decision to delay approval on several pending ETF applications differs from their previous tactics.
Shenfield noted that rather than rejecting the entire list, they asked for comment on it, which should be considered an element of dialogue. Additionally, the SEC lost Grayscale's lawsuit, meaning they will have to allow the Grayscale Bitcoin Trust to convert into an ETF.
$BTC $ETH #Bitcoin #Ethereum #blockchain
MarketVector's CEO had previously estimated approval would take nine to twelve months. However, the SEC's recent decision to delay approval on several pending ETF applications differs from their previous tactics.
Shenfield noted that rather than rejecting the entire list, they asked for comment on it, which should be considered an element of dialogue. Additionally, the SEC lost Grayscale's lawsuit, meaning they will have to allow the Grayscale Bitcoin Trust to convert into an ETF.
$BTC $ETH #Bitcoin #Ethereum #blockchain
