There’s a huge rumor on X platform stating that Bitcoin ETF could be finally approved! Check out the latest reports below and keep your fingers crossed!

New rumours on BTC ETF

Here’s the tweet that is making waves in the crypto space these days:

Recently, we revealed that new predicitons were saying the fact that BTC ETFs could be all approved at once.

During a panel discussion at the Digital Asset Summit hosted by CCData in London, Martin Bednall, CEO of Jacobi Asset Management and a former managing director at BlackRock, predicted that regulators in the US are likely to approve all applications for spot Bitcoin exchange-traded funds (ETFs) at once.

Bednall believes that if the US Securities and Exchange Commission (SEC) approves the applications simultaneously, it would have a positive impact on the market as the SEC has a strong incentive to do so.

“I don’t think they’re going to want to give anybody a first-mover advantage, and I think that is because BlackRock is there in the mix and it’s a behemoth.

They will put a lot of their power behind it in terms of sales and distribution to really make sure that they get the sort of go-to ETF, the default ETF.”

Steven Schoenfeld, former managing director at Barclays Global Investors (now owned by BlackRock), recently shared his belief that the SEC’s approval of a Bitcoin ETF may happen sooner than he initially predicted.

He previously estimated it could take nine to twelve months, but now he thinks it could be achieved within three to six months.

Schoenfeld, who is currently the CEO of MarketVector Indexes, also pointed out some positive indications that suggest a spot Bitcoin ETF could be approved in the US.

He noted that the SEC has asked for comments instead of rejecting the whole list, which is a significant improvement in the dialogue.

Leave a Comment