Galaxy Digital CEO Mike Novogratz is optimistic that the SEC could approve a spot bitcoin exchange-traded fund (ETF) within 4-6 months. bitcoinETF crypto
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cathie Wood and Mike Novogratz Are Both Bullish on Spot Bitcoin ETF ApprovalsCathie Wood and Mike Novogratz express optimism about the approval of spot Bitcoin ETFs. Wood expects the SEC to approve multiple ETFs simultaneously, while Novogratz's sources predict approvals within four to six months.
Read more »
Bitcoin Bull Mike Novogratz Says There's No Risk of Run on TetherGalaxy Digital CEO Michael Novogratz signals a positive shift in institutional investment towards cryptocurrency, highlighting both a robust return of traditional players to the market and a steady confidence in Tether's stability. On the topic of Tether, the largest stablecoin with a market value of $84 billion, Novogratz conveyed a reassuring tone. He firmly believes that the risk of a major run on Tether is minimal, a sentiment sometimes challenged due to fears emerging from the market.
Read more »
NGO calls on SEC to reject spot bitcoin ETF applicationsNonprofit organization Better Markets has filed letters urging the SEC to reject spot bitcoin exchange-traded fund applications due to concerns about potential investor harm. The crypto industry has experienced significant losses, enforcement actions, bankruptcies, lawsuits, and criminal prosecutions.
Read more »
Novogratz evokes Chumbawamba, says crypto can't stay knocked downDuring an earnings call, Novogratz referenced a chart-topper from the late 1990s to describe the resilience of the crypto market, stating that crypto can't stay knocked down.
Read more »
Valkyrie Amends Bitcoin Futures ETF To Include Ethereum Futures, Could Be First To LaunchValkyrie plans to modify its Bitcoin futures ETF to include Ethereum futures contracts, aiming to launch before its competitors. The Valkyrie Bitcoin Strategy ETF will adjust its investment strategy to include a combination of Bitcoin and Ether futures contracts, with the fund's ticker remaining the same but its name changing to the Valkyrie Bitcoin and Ether Strategy ETF.
Read more »
BlackRock insiders suggest Bitcoin ETF could be approved in 6 monthsGalaxy Digital CEO Mike Novogratz predicts that a spot Bitcoin ETF could be approved within four to six months. The approval timeline is uncertain as it is currently with the Securities and Exchange Commission. However, once approved, BlackRock and Invesco are expected to fiercely compete for market share.
Read more »