SEC Bitcoin ETF Approval Expected Within Months, Bringing Billions Into Crypto

Former BlackRock director Steven Schoenfield estimates the SEC will approve a Bitcoin spot ETF within 3-6 months.

Schoenfield believes the SEC's request for comments on pending ETF applications signals a change in approach.

BlackRock has applied for a Bitcoin ETF and its size/reputation suggests it may get first approval.

Schoenfield disagrees, saying other firms are more committed to crypto than BlackRock.

MarketVector estimates a Bitcoin spot ETF could bring $150-$200 billion into crypto investment products over 3 years.