Galaxy Digital CEO Mike Novogratz says the first ETF product could be approved within six months. Bitcoin ETFs may gain renewed interest.
Galaxy Digital CEO Mike Novogratz expressed his thoughts on spot Bitcoin ETFs. According to Novogratz’s rhetoric, Bitcoin ETFs will likely be approved within 6 months.
Novogratz linked this information to his sources at BlackRock and Invesco. According to the Galaxy Digital CEO, the first US spot Bitcoin ETFs could complete the approval process by February.
The fall of Bitcoin ETFs on the agenda was enough to move the crypto market. However, as the ETF news feed lost its influence, expectations in the market began to fade. Galaxy Digital CEO Mike Novogratz, who made a statement, states that the first ETF product can be approved within six months.
Galaxy Digital had joined the caravan of companies that applied for a spot Bitcoin ETF. The company, along with its $1.5 trillion asset manager Invesco, completed its application in recent months. However, the wait continues for Galaxy.
Novogratz said that after the approval of ETF products, a strong fight for market share will emerge. According to Novogratz, spot Bitcoin ETFs could move the market. Some analysts think that ETF products may arrive at an earlier time.