Galaxy

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>Insiders from BlackRock and Invesco suggest ETF approval will be in six months.</strong></li> 
 <li><strong>Galaxy CEO Novogratz predicts fierce competition among industry players post-approval.</strong></li> 
 <li><strong>Institutional shift observed as SEC’s green light would streamline substantial allocations.</strong></li> 
</ul> 
<p>Eric Balchunas, a Senior ETF Analyst at Bloomberg, recently took to Twitter to share promising indications about the future approval of a <a href="https://coinedition.com/tag/bitcoin-etf/" rel="noopener noreferrer nofollow">Bitcoin exchange-traded fund (ETF)</a>. According to Balchunas, insights from BlackRock and Invesco suggest that a Bitcoin ETF will be approved within four to six months.</p> 
<p>The analyst noted that the timeframe estimation came from Mike Novogratz, the CEO of Galaxy, during a recent conference call.</p> 
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   <p lang="en" dir="ltr">According to "contacts" from inside BlackRock and Invesco spot Bitcoin ETF approval a matter of "when, not if" likely in "four to six months" — Galaxy CEO Mike Novogratz on earnings call this morning <a href="https://t.co/TIhHC7xnHI" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/TIhHC7xnHI</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1688916620473946114?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 8, 2023</a> 
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<p>According to a snippet of the call, Novogratz emphasized <a href="https://coinedition.com/bitcoin-accumulation-race-heats-up-as-blackrock-leads-etf-filing/" rel="noopener noreferrer nofollow">the significance of the ETF filing</a>. He highlighted the potential for intense competition among industry players once the ETF is approved. Novogratz…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/institutional-giants-prepare-for-bitcoin-etf-battle-after-regulatory-nod/">Institutional Giants Prepare for Bitcoin ETF Battle After Regulatory Nod</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Institutional Giants Prepare for Bitcoin ETF Battle After Regulatory Nod

Coin Edition

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