Novogratz Predicts Bitcoin Spot ETF Approval in 2023 as SEC Tone Shifts

Galaxy Digital CEO Mike Novogratz predicts a spot Bitcoin ETF will be approved in 2023, citing constructive SEC dialogue.

Novogratz argues the SEC is under pressure after its court loss to Grayscale regarding a spot Bitcoin ETF.

Other ETF applicants like Ark Invest and Fidelity are providing more details to address SEC concerns around market manipulation.

Analysts notice a change in tone from the SEC regarding Bitcoin ETF filings, asking more specific questions.

Investor confidence rising as Grayscale's GBTC share discount narrows on hopes for an upcoming ETF approval.