It’s only a matter of time. While competition for Bitcoin ETFs in full swing and that we are impatiently awaiting the validation of the various files by the Securities and Exchange Commission (SEC)some already display a unwavering confidence in the future. This is particularly the case of the wealthy tycoon Galaxy Digital’s Mike Novogratzwho relying on his sources, asserts with confidence that spot Bitcoin ETFs could get the green light as early as February 2024, shortly before the bitcoin halves.
Bitcoin ETFs in 6 months according to Mike Novogratz
On closer analysis, thebusiness man elucidated that the issue lay not so much in the validation of ETFs as in the right moment for this one. The behind-the-scenes answers therefore seem to be starting to emerge more clearly.
“It’s probably in (…) four to six months, if you were to bet on it, that the SEC will approve a Bitcoin ETF. »
Mike Novogratz – Source
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The bitcoin wars soon to be in place
Furthermore, the billionaire solidified his remarks by confirming that, beyond this fierce battlethe very first Bitcoin Spot ETFs could gain approval as early as February 2024, a prospect that many are excited about, especially those who fervently await the sacrosanct bitcoin halving.
The entrepreneur also points out that once these spot Bitcoin ETFs have received their validation, a merciless war will break out between the finance tycoonseach striving to take control of the market.
“(…) we will fight like cats and dogs to gain market share there once it is approved. »
Closely watched by many investors, this announcement had thebomb effect yesterday And bitcoin price felt it. However, it should be emphasized that Novogratz’s statement is not a mere coincidence. In reality, it has a clear interest in maintaining this enthusiasm both among the general public and among its shareholders. The reason for this is that the company run by this businessman submitted its applications to the SEC regarding Bitcoin ETFs as early as June. In this process, Novogratz had even expressed that the Bitcoin ETFs embodied the future of finance by becoming the kickstarter for Bitcoin adoption.
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