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International Business Times
International Business Times
Business
Nica Osorio

Spot Bitcoin ETF Approvals Could Happen Ahead Of SEC's Deadline: Galaxy Digital CEO

Bitcoin SEC ETF Mike Novogratz James Seyffart Crypto Grayscale
Golden Bitcoin Coin and mound of gold (Credit: Marco Verch Professional/flickr.com)

KEY POINTS

  • The CEO shared that it might take six to eight weeks for the approved spot Bitcoin ETFs could start trading
  • A Bloomberg Intelligence ETF analyst previously said the window for possible approvals would be between Jan. 5 and Jan. 10.
  • Bitcoin was trading in the green zone at $42,883.23 in the early hours of Wednesday

Spot Bitcoin exchange-traded fund (ETF) applicants have been ironing out details of their filings as the deadline for the U.S. Securities and Exchange Commission to make its ultimate decision looms. Industry experts believe the U.S. might finally see a wave of approvals ahead of the Jan. 10 deadline.

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