A former expert at the US Securities and Exchange Commission (SEC) thinks spot Bitcoin ETFs will be approved within a few months.
for five years in the SEC. fintech and cryptocurrency expert Neel Maitra, who works as a company and is currently a partner at Wilson Sonsini, thinks that spot exchange traded fund (ETF) applications for Bitcoin will be approved.
Drawing attention to the correlation between Bitcoin’s futures and spot markets, Maitra said: Market manipulation concerns may be exaggerated in his opinion.
Evaluating the SEC’s attitude towards cryptocurrency regulations, Maitra said: “A spot Bitcoin ETF really looks like something that could be approved and begin trading within a few months.” said.
There are 12 ETF applications pending consideration before the Securities and Exchange Commission.
Maitra, “I think these products will be approved… Grayscale’s CEO made a statement to the effect that the issue here is not (if) but when they will be approved, and I agree with that.” said.