BlackRock’s spot Bitcoin ETF could potentially gain approval from the SEC within the next 3-6 months, according to former BlackRock executive Steven Schoenfield.
The SEC’s shift in approach, seeking public feedback instead of issuing blanket denials for Bitcoin ETFs, and its recent legal loss to Grayscale, may hasten the approval of spot Bitcoin ETFs.
The world’s largest asset manager BlackRock created a massive buzz in the crypto market by filing for a spot Bitcoin ETF earlier this year in June 2023. However, just last week, the U.S. Securities and Exchange Commission (SEC) delayed the approval of BlackRock’s spot Bitcoin ETF.
But the wait could be over within the next 3-6 months according to former BlackRock managing director Steven Schoenfield. The CEO of MarketVector Indexes provided an updated timeframe assessment during a digital asset summit in London.
This came in response to Martin Bednall, another former BlackRock executive turned CEO, who believes that the SEC will a

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