Guess the ETF process from BlackRock employees!

BlackRock employees stated that the Bitcoin ETF process will likely continue for another 6 months.

According to Galaxy Digital CEO Mike Novogratz, citing sources at BlackRock and Invesco, the Exchange Traded Fund (ETF) could be approved before February 2024. ETF applications that directly support the Bitcoin price have recently come one after another. But most of it has not come to fruition yet. The ETF move of BlackRock, which created the most expectations among them, is thought to be concluded within 6 months.

Galaxy Digital CEO addressed the issue

Addressing the ETF issue, Galaxy Digital CEO Mike Novogratz told shareholders, “Once the Spot Bitcoin ETFs are approved, we will have a big fight to gain market share.” said. According to Novogratz, the ETF could be approved before February 2024. Also, Galaxy Digital CEO said he has no comment on the expected timing of approval of the unknown ETF as it sits on the Securities and Exchange Commission (SEC).

Stating that there will be a great competition in terms of market share, Novogratz said in addition to his statements;