Valkyrie Exec Expects U.S. Spot Bitcoin ETF Approvals To Come As Soon As This Month

Valkyrie Investments’ CIO, Steven McClurg, believes the SEC will approve bitcoin ETFs this month.

Spot ETFs To Hit The U.S. Market This Month?

Executive at Valkyrie predicts that an ETF product could get regulatory approval this month.

Steven McClurg says the SEC is likely to issue another round of comments in the coming weeks, with approval expected before the end of this month. However, trading won’t start until February 2024.

Valkyrie recently amended its spot bitcoin ETF filing, joining several other companies in submitting similar applications.

BTC-etf-approval-mean-for-crypto-industry”>What Would A Spot BTC ETF Approval Mean For Crypto Industry?

A spot bitcoin ETF is seen as institutional acceptance and incorporation into mainstream financial systems. Approval is expected to significantly impact the market cap and price of BTC.

bitcoin has been performing well recently, reaching a 17-month high above $35,000. Investment research firm Bernstein predicts that BTC could reach $150,000 by 2025.

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