Brief Summary: Mike Novogratz, the boss of Galaxy Digital, thinks that a "Bitcoin ETF" will be approved soon, maybe in 4 to 6 months. He heard this from people at two big companies, BlackRock and Invesco. His own company, Galaxy Digital, is also trying to get permission to have their own Bitcoin ETF, and they're working with a company named Invesco on this. If this Bitcoin ETF thing gets approved, companies like BlackRock and Invesco will compete to get the most people to use theirs. Some people think that the group that decides on this, the SEC, will say "yes" to show that they're not against new types of money like Bitcoin. Some other experts think we'll have to wait for a change in SEC leadership so it's still a bit too early to say.
|