Mike Novogratz, founder of Galaxy Digital, believes that the approval of a spot Bitcoin ETF (exchange-traded fund) would signify the United States government and its securities regulator's "seal of approval" for the cryptocurrency. In a recent interview with Bloomberg TV, Novogratz highlighted the significance of ETF filings by investment giants like BlackRock, Invesco, and others. He argued that the introduction of spot Bitcoin ETFs could provide an "easy first step" for those nervous about investing in crypto. Novogratz also noted the extensive infrastructure in place for ETFs and anticipated that many of the proposed ETFs are likely to gain approval.