SEC Likely to Approve Bitcoin Spot ETFs Simultaneously Within Months Due to BlackRock Application and Recent Developments

SEC will likely approve all spot Bitcoin ETF applications at once to avoid giving any firm a first-mover advantage.

BlackRock's application makes simultaneous approval more likely given its power in sales and distribution.

Approval could happen in 3-6 months, sooner than previously expected according to ex-Barclays MD Steven Schoenfeld.

Signs point to positive outlook for Bitcoin ETF like SEC asking for comments and losing Grayscale lawsuit.

If Grayscale Bitcoin Trust converts to an ETF, SEC may be compelled to approve filings from other firms.