SEC Spot Bitcoin ETF Approvals Seen as Imminent by Industry Experts
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SEC expected to approve spot Bitcoin ETFs on Wednesday, allowing mainstream investors to easily trade crypto shares.
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Valkyrie co-founder Steven McClurg is confident approvals are imminent, calling the wait "almost surreal" after years of delays.
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McClurg believes SEC Chair Gary Gensler has been "very good for Bitcoin," approving BTC futures and Ether ETFs recently.
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Valkyrie's Bitcoin ETF fee is 0.8%, higher than rivals, but McClurg says they won't be the cheapest provider and aim for sophistication.
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McClurg expects both institutional and retail demand, catering to investors seeking crypto experts rather than big mainstream names.