The fate of a spot bitcoin ETF has been hanging in the balance, but Galaxy's Novogratz thinks the product will soon be approved.
Galaxy Digital Holdings CEO Michael Novogratz is confident spot bitcoin exchange-traded funds will be approved by the end of this year.
The pressure to approve a spot bitcoin ETF has been mounting, especially after Grayscale Investments secured a court win in August, with three judges in the U.S. Court of Appeals for the D.C. Circuit ruling that the Securities and Exchange Commission had to re-review its bid for a spot bitcoin ETF. The SEC doesn't plan on appealing that ruling, but what happens next has yet to crystalize.
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