Galaxy Digital CEO Mike Novogratz is optimistic that a spot bitcoin exchange-traded fund (ETF) will be approved in 2023. "It's going to get approved, we think it happens this year," he said.
In August, Mike Novogratz predicted that the SEC would approve a spot bitcoin ETF within four to six months. However, on Wednesday, he updated his prediction to say that he now believes it will be approved in 2023.
Galaxy Digital, in cooperation with Invesco, is in competition with several prominent financial institutions in the race to introduce a spot-settled exchange-traded fund (ETF). The collaboration between the two companies focuses on two ETFs: the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF, referred to as "BLKC," and the "SATO" ETF. Michael Novogratz has mentioned ongoing discussions between Galaxy and the SEC regarding the ETF.
Photo: X.com
© Copyright 2023. All Rights Reserved Powered by Vygr Media.
