Getting conflicting info here. The first Bitcoin etf decisions is at the end of the month. However Blackrock believes it will be 4-6 months until they are approved. So most likely they are betting on the etf being delayed until the end of the year.
There was some crypto framework that was put into place today and it hints at perhaps an etf approval is likely. However it’s all a guess. This move we had earlier looked organic however and maybe someone knew something ahead of time.
Topic: Top Crypto Execs Confident SEC Will Approve Spot Bitcoin ETFs - page 4. (Read 463 times)
“I think the SEC, if it’s going to approve a Bitcoin ETF, will approve more than one at once,” said Cathie Wood, CEO of ARK Investment Management, to Bloomberg on Monday. Wood’s own Ark21 Shares ETF is technically first in line for potential approval on August 13, though most analysts expect the SEC to postpone this approval date.[/i]
SEC did not approve any Bitcoin Spot ETF because they did not want to do it or they had to reject approvals with pressure from Democrat party and White House.I agree with Cathie Wood that when SEC approves a first Bitcoin Spot ETF, it will open a new gate, put a case as reference to approve more Bitcoin Spot ETF applications later. The first is always the most expected and most hardest application to be approved. Later applications and approvals after the first successful application will be more easily. Like a first Bitcoin exchange, a first Bitcoin Futures ETF ... already helped Bitcoin market and adoption a lot.
Is the Bitcoin ETF storyline still alive or is this presently dying? It appears there are 2 top crypto executives who are trying to be positive, however, do they really know anything? Mike Novogratz has a Luna tatoo on his left arm and mama Cathie Wood has been making the wrong investment decisions since 2022.
Do they have real information that we do not know or is this a warning sign that they are desperate?
All eyes are on the Securities and Exchange Commission (SEC) as it mulls a number of applications for a spot Bitcoin exchange traded fund (ETF), and two leading names in crypto are now publicly predicting that the agency will eventually give them a green light.
Mike Novogratz, CEO of crypto investment manager Galaxy Digital, claimed this week that such a financial product will launch within the next four to six months, citing inside sources.
“Both of our contacts from the Invesco side and from the BlackRock side gets you to think that this is a question of when, not if,” he said during an earnings call on Tuesday, according to Bloomberg ETF analyst Eric Balchunas.
“I think the SEC, if it’s going to approve a Bitcoin ETF, will approve more than one at once,” said Cathie Wood, CEO of ARK Investment Management, to Bloomberg on Monday. Wood’s own Ark21 Shares ETF is technically first in line for potential approval on August 13, though most analysts expect the SEC to postpone this approval date.
Read in full https://decrypt.co/151809/spot-bitcoin-etf-sec-approval-michael-novogratz-cathie-wood
Also, is the present pump on bitcoin caused by speculation on Ark's ETF application which is scheduled for approval on August 13?
Do they have real information that we do not know or is this a warning sign that they are desperate?
All eyes are on the Securities and Exchange Commission (SEC) as it mulls a number of applications for a spot Bitcoin exchange traded fund (ETF), and two leading names in crypto are now publicly predicting that the agency will eventually give them a green light.
Mike Novogratz, CEO of crypto investment manager Galaxy Digital, claimed this week that such a financial product will launch within the next four to six months, citing inside sources.
“Both of our contacts from the Invesco side and from the BlackRock side gets you to think that this is a question of when, not if,” he said during an earnings call on Tuesday, according to Bloomberg ETF analyst Eric Balchunas.
“I think the SEC, if it’s going to approve a Bitcoin ETF, will approve more than one at once,” said Cathie Wood, CEO of ARK Investment Management, to Bloomberg on Monday. Wood’s own Ark21 Shares ETF is technically first in line for potential approval on August 13, though most analysts expect the SEC to postpone this approval date.
Read in full https://decrypt.co/151809/spot-bitcoin-etf-sec-approval-michael-novogratz-cathie-wood
Also, is the present pump on bitcoin caused by speculation on Ark's ETF application which is scheduled for approval on August 13?
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