Former BlackRock executive: The U.S. SEC may approve all Bitcoin spot ETF applications simultaneously

ChainCatcher news, according to The Block, former BlackRock executive Martin Bednall stated earlier this week at the CCData Digital Assets Summit that the SEC may approve all Bitcoin spot ETF applications simultaneously, and the potential approval of Bitcoin ETFs would have a "huge positive impact" on the cryptocurrency market.

Steven Schoenfeld, CEO of MarketVector Indexes under VanEck, also agreed, stating that approval could be "completed in the next 3 to 6 months." This is because the SEC has not fully rejected ETF applications recently, but rather sought opinions.

In addition, Schoenfeld added that the SEC recently lost the Grayscale case, which means it may have to allow the Grayscale Bitcoin Trust to convert into a spot Bitcoin ETF.