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Former BlackRock managing director Steven Schoenfield, who now serves as the CEO of MarketVector Indexes, predicts that the U.S. SEC will approve a Spot Bitcoin ETF within three to six months.
BlackRock, a financial powerhouse managing $9.42 trillion in assets, is in a strong position to secure approval for a spot Bitcoin ETF through its pending application. That is underscored by BlackRock’s remarkableThe transformation in BlackRock’s stance on cryptocurrencies is noteworthy, as CEO Larry Fink, who once criticized Bitcoin, now acknowledges its potential as a digital alternative to gold.
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