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Galaxy Digital Boss Mike Novogratz Says SEC Will Approve Spot Bitcoin ETF This Year
Galaxy Digital CEO and founder Mike Novogratz has announced a prediction that the United States Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) before the end of the year.
Speaking during an interview on CNBC Market Alert, Novogratz said signs are pointing to an approval soon. He said:
“We think a Bitcoin ETF will be approved this year in 2023. All the indications of dealing seem to be heading in the right direction. There’s a tremendous amount of pressure to do something that is rational. The American public wants this.”
Novogratz Explains Bullishness on Spot Bitcoin ETF This Year
In his comments on the matter, Novogratz noted that “the most significant piece is the SEC lost in the court.” The CEO was referring to Grayscale Investments’ win against the SEC in court. The Court of Appeals had rejected the SEC’s disapproval of Grac
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