Steven Schoenfield, former managing director at BlackRock (NYSE: BLK) and current CEO of MarketVector Indexes, anticipates the Securities and Exchange Commission (SEC) will greenlight a Bitcoin (CRYPTO: BTC) spot ETF within "three to six months."
This prediction was shared during a panel on ETFs at CCData’s Digital Asset Summit in London, Decrypt reported.
Schoenfield's remarks came in response to Martin Bednall, another ex-BlackRock director and now CEO of Jacobi Asset Management, who opined, “the SEC will probably approve [all ETF applications] at the same time; I don’t think they want to give anybody first mover advantage.”
This insight into the evolving stance of the SEC towards Bitcoin ETFs will be of interest to attendees at Benzinga's Future of Digital Assets conference on Nov. 14. The event promises to shed light on the rapidly ...