The co-founder of 21Shares, one of the companies that received approval from the SEC for the spot Bitcoin ETF, made some statements.
Ophelia Snyder, co-founder of cryptocurrency custodian 21Shares, reports CoinDesk. spot Bitcoin ETF He said that the listing will happen quickly, but it may take months for it to reach large audiences.
With Cathie Wood’s company Ark Invest spot Bitcoin ETF The founder of the company that received the approval, after the listings in question to the cryptocurrency market He stated that its possible effects will only be understood within months.
Snyder also ETFs included in approved allocations There are various processes before adding it usually takes 90 days he stated. For this reason, it was emphasized that it will not be understood what kind of impact it has for at least a quarter.
On the other hand, Snyder said he expects the listings to happen today and Proshares futures Bitcoin ETF on BITO He said it would happen as quickly as it happened:
Standard ETF processes usually take one to two weeks but BITO was quick. I think this will be fast too.
Co-founder spot Bitcoin ETF approval SEC’s doubts about cryptocurrencies He added among his sentences that he did not remove it.
SEC Chairman Gary Gensler made a statement yesterday after the spot Bitcoin ETF approval.