Former BlackRock Insider Foresees Bitcoin ETF Green Light By SEC Within Months
Steven Schoenfield, former managing director at BlackRock (NYSE: BLK) and current CEO of MarketVector Indexes, anticipates the Securities and Exchange Commission (SEC) will greenlight a Bitcoin (CRYPTO: BTC) spot ETF within “three to six months.” This prediction was shared during a panel on ETFs at CCData’s Digital Asset Summit in London, Decrypt reported. Schoenfield’s remarks came in response to Martin Bednall, another ex-BlackRock director and now CEO of Jacobi Asset Management, who opined, “the SEC will probably approve [all ETF applications] at the same time; I don’t think they want to gi…