BitGo CEO Predicts Bitcoin ETF Approval Despite More Setbacks Ahead
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Mike Belshe, CEO of BitGo, says Bitcoin ETF approval is likely but more setbacks expected first.
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Improving market structure is key for SEC to ultimately approve a Bitcoin ETF.
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References downfall of FTX and Sam Bankman-Fried as cautionary tale.
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Bitcoin blockchain transaction fees surged 746% as excitement builds for ETF approval.
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12 firms await Bitcoin ETF application decisions, 90% chance of approvals by January 2024 according to analyst.