Galaxy Digital CEO Mike Novogratz believes that a Bitcoin ETF will be approved within the next three months. Novogratz argued that the Securities and Exchange Commission (SEC) is under a “tremendous amount of pressure” to approve the product due to their court loss to Grayscale. Investor confidence in an upcoming ETF approval has been on the rise, as can be seen in Grayscale’s narrowing GBTC share discount. Meanwhile, ETF applicants and analysts alike are noticing a more constructive change in tone from the agency, and Fidelity provided an updated version of its spot Bitcoin ETF S-1 application with more details to address SEC concerns. This could be good news for investors looking to invest in Bitcoin without actually buying Bitcoin directly. #BitcoinETF #CryptoInvestment #SEC #Grayscale #Fidelity
You can read more about this topic here: Decrypt: Mike Novogratz Says a Spot Bitcoin ETF Will Be Approved in 2023
