BlackRock employees stated that the Bitcoin ETF process will likely continue for another 6 months.
BlackRockand Galaxy Digital CEO Mike Novogratz, citing sources at Invesco, the Exchange Traded Fund ( ETF ) can 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
Mike Novogratz, CEO of Galaxy Digital, addressed the issue of the ETF and 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. He is also the CEO of Galaxy Digital, on the Securities and Exchange Commission ( SEC) said he had no comment on the expected timing of approval of the unknown ETF.
Stating that there will be a great competition in terms of market share, Novogratz said in addition to his statements;
“Once BlackRock’s ETF filing and frankly the Invesco Plus Galaxy news are approved, we’ll fight like cats and dogs to gain market share there.”
