Galaxy Digital CEO: Bitcoin spot ETF is expected to be approved before January 10 next year
Galaxy Digital CEO Michael Novogratz recently interviewed by CNBC expressed confidence in the US SEC's imminent approval of Bitcoin spot ETF. Novogratz said: "We will see this ETF before January 10, 2024. This is Gensler's deadline before getting involved with Grayscale and litigation." It is currently unclear whether Novogratz specifically refers to Grayscale's application to convert GBTC to Bitcoin ETF or other Bitcoin spot ETF applications submitted by other financial institutions. Meanwhile, Grayscale CEO Michael Sonnenshein said that the SEC needs to approve various Bitcoin ETF applications at the same time to avoid giving any issuer a first-mover advantage.
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