Former BlackRock executive Martin Bednall stated earlier this week at the CCData Digital Asset Summit that the US SEC may approve all current applications for Bitcoin ETFs simultaneously. If approved, potential Bitcoin ETFs would have a "huge positive impact" on the cryptocurrency market. Steven Schoenfeld, CEO of VanEck subsidiary MarketVector Indexes, also expressed agreement and said approval could be "completed within the next 3 to 6 months." This is because the SEC has recently not outright rejected ETF applications, but has been seeking feedback. In addition, Schoenfeld added that the US Securities and Exchange Commission recently lost the Grayscale case, which means it may have to allow the Grayscale Bitcoin Trust to convert to a Bitcoin ETF.
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Former BlackRock executive: SEC may approve all spot Bitcoin ETFs immediately
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