Valkyrie co-founder: Bitcoin spot ETF is expected to be approved on Wednesday

ChainCatcher news, Valkyrie co-founder Steven McClurg stated in an interview with FORTUNE that a Bitcoin spot ETF will be approved sometime after Wednesday's market close.

McClurg said, "I don't know how each committee member will vote, but I am clear on how some of them would vote if that were to happen. I believe at least two commissioners want this to happen, and they always have: Mark Uyeda and Hester Peirce. I also believe Gary Gensler has always wanted this to happen."

Other viewpoints include: cash purchases will bring more market participants, the lawsuit between Coinbase and the SEC does not affect the ETF business, as the complexities of Bitcoin storage, security, and trading choose a 0.8% fee rate. (FORTUNE)