Valkyrie CIO, Chances Of Bitcoin ETF Approval More Than 50%
According to McClrug, he expected the ETFs to be approved, denied, or moved on this week. However, the Securities and Exchange Commission (SEC) quickly delayed the decision after losing the legal battle in the Grayscale Bitcoin ETF case last week to prevent further speculation. The SEC’s deliberation pushed back the approval of the Bitcoin ETF s to October this year. advertisement He mentioned the Grayscale ETF case and discussed what the SEC would do in the future as they can’t move on a dime and must proceed cautiously regarding appeal. The CIO of Valkyrie, Steven McClurg gave some brilliant insights into the possible outcomes of the approval in the interview. Will Bitcoin ETFs Be Approved In October? The interviewer asked the Chief Officer at Valkyrie, Steven if there would be a material movement for the ETFs to be approved in October this year and what that would mean for the market. Steven answers, “I would actually give a greater than 50 ...