Bitcoin ETF approval nearing, but brace for more setbacks: BitGo CEO
In a recent interview with Bloomberg, Mike Belshe, CEO of crypto exchange BitGo, stated that market structure needs to improve before the U.S. SEC will grant approval for Bitcoin ETFs. Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning towards a favorable outcome for a spot Bitcoin (BTC) exchange-traded fund (ETF). However, he emphasized that the journey ahead won't be without challenges. In an interview with Bloomberg on November 16, Belshe explained that based on the discussions taking place between firms seeking Bitcoin ETF approval and the United States Securities and Exchange Commission (SEC), he holds an optimistic view that approval is imminent. However, he pointed out that improving the market structure is a prerequisite before the SEC grants ultimate approval for a Bitcoin ETF: “I think it is quite likely we have another round of ETF rejections before we get the positive news.” Belshe reiterated the SEC's stance on sep...