Novogratz Envisions Bitcoin ETF Clearance In 2023 - 'It's Gonna Get Approved'
Portfolio Pulse from Murtuza Merchant
Galaxy Digital Holdings Ltd. CEO, Michael Novogratz, predicts the approval of spot Bitcoin-exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) in 2023. This follows a legal victory by Grayscale Investments LLC, which won an appeal to transform its Bitcoin trust into an ETF. Galaxy is partnering with Invesco to apply for an ETF.
October 18, 2023 | 7:58 pm
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Galaxy Digital's CEO predicts approval of Bitcoin ETFs in 2023, which could boost the company's position in the digital assets market. The company is also partnering with Invesco for an ETF application.
The CEO's prediction of Bitcoin ETF approval in 2023, if realized, could significantly boost Galaxy Digital's position in the digital assets market. The company's partnership with Invesco for an ETF application also indicates its strategic moves to capitalize on this potential market development.
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