SEC Bitcoin ETF Approval Expected Within Months, Bringing Billions Into Crypto
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Former BlackRock director Steven Schoenfield estimates the SEC will approve a Bitcoin spot ETF within 3-6 months.
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Schoenfield believes the SEC's request for comments on pending ETF applications signals a change in approach.
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BlackRock has applied for a Bitcoin ETF and its size/reputation suggests it may get first approval.
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Schoenfield disagrees, saying other firms are more committed to crypto than BlackRock.
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MarketVector estimates a Bitcoin spot ETF could bring $150-$200 billion into crypto investment products over 3 years.
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