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Galaxy Digital CEO Predicts SEC Will Approve Bitcoin ETF within the Next 12 Months

Amy Liu

Summary: Galaxy Digital CEO Mike Novogratz says the U.S. Securities and Exchange Commission (SEC) will green light a Bitcoin exchange-traded fund (ETF) under the leadership of Gary Gensler. He predicts a Bitcoin ETF will be approved within the next 12 months. Novogratz adds that a Bitcoin ETF does not bode well for Grayscale. “What is I ...

Galaxy Digital CEO Mike Novogratz says the U.S. Securities and Exchange Commission (SEC) will green light a Bitcoin exchange-traded fund (ETF) under the leadership of Gary Gensler. He predicts a Bitcoin ETF will be approved within the next 12 months. Novogratz adds that a Bitcoin ETF does not bode well for Grayscale. “What is I think is going to happen is the SEC is going to allow an ETF which is better for retail. The ETF is going to drag all the new liquidity and that premium on the Grayscale Trust is going to collapse.”

By Amy Liu

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