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Analysts at Bloomberg predict that the first U.S. spot Bitcoin ETF could be approved by Jan. 10, and Novogratz said that could drive billions of dollars into the sector While the deadline for the SEC to make its final decision is Jan. 10, Digital Galaxy CEO Mike Novogratz anticipates that the approval could happen even before that. The Hace 1 día The United States and Exchange Commission has officially green lit the first regulated spot Bitcoin ETF in the country. The regulator gave its official approval from Mike Novogratz, the CEO of cryptocurrency-focused firm Galaxy Investment Partners, told participants at his company’s earnings conference call this week that at least In a recent CNBC interview, Michael Novogratz, CEO of Galaxy Digital, shared his thoughts on the current state of the cryptocurrency market, with a particular focus Speaking to CNBC, Galaxy Digital CEO Michael Novogratz said that a spot Bitcoin ETF will be approved in January. Specifically, Novogratz stated his belief that the US

Galaxy Digital CEO Predicts Spot Bitcoin ETF Approval in January – Could Drive Billions to Crypto

Is a spot Bitcoin ETF finally coming to the U.S.? Galaxy Digital CEO Michael Novogratz believes so, and his prediction is making waves in the crypto world. Novogratz, speaking to CNBC, stated his belief that the US will approve a spot Bitcoin ETF in January. This sentiment aligns with expectations, as analysts at Bloomberg predict that the first U.S. spot Bitcoin ETF could be approved by Jan. 10, the final deadline for the SEC to make its decision.

Mike Novogratz Bullish on Bitcoin ETF Impact

The potential approval of a spot Bitcoin ETF has the crypto community buzzing. Novogratz said that this approval could drive billions of dollars into the sector. He's not alone in this optimism, many believe that a regulated and easily accessible Bitcoin ETF will open the door for institutional investors and mainstream adoption.

Will Approval Come Before the Deadline?

While the deadline for the SEC's final decision is Jan. 10, Galaxy Digital CEO Mike Novogratz anticipates that the approval could happen even before that date. This accelerated timeline suggests a growing consensus within the SEC regarding the benefits of a spot Bitcoin ETF.

What's Driving the Optimism?

The increased confidence surrounding a spot Bitcoin ETF stems from a combination of factors, including growing pressure from the industry, recent court rulings favorable to crypto, and a more receptive regulatory environment. The United States and Exchange Commission has officially green lit the first regulated spot Bitcoin ETF in the country. This potential shift in regulatory landscape has bolstered Novogratz's conviction.

Novogratz on the Future of Crypto

In a recent CNBC interview, Michael Novogratz, CEO of Galaxy Digital, shared his thoughts on the current state of the cryptocurrency market, with a particular focus on the transformative potential of a spot Bitcoin ETF. Galaxy Investment Partners CEO Mike Novogratz told participants at his company’s earnings conference call this week that at least it would be a significant turning point.

Stay tuned for updates as we approach the January deadline. The approval of a spot Bitcoin ETF could be a game-changer for the cryptocurrency industry!

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