Simple Money Goal
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
No Result
View All Result
Simple Money Goal
No Result
View All Result
Home Investing

Galaxy Digital CEO Novogratz Anticipates Bitcoin ETF Approval by Jan 10

by
December 20, 2023
in Investing
0
Galaxy Digital CEO Novogratz Anticipates Bitcoin ETF Approval by Jan 10

Source: DALL·E

Galaxy Digital CEO Michael Novogratz predicts a significant milestone in the cryptocurrency market with the first approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).

In a recent interview with CNBC, Novogratz elaborated on his anticipations, highlighting the 2023 cryptocurrency market and the Bitcoin price. He underscored the significant role of central banking decisions in shaping market trends across various asset classes. Besides, Novogratz expressed confidence in the SEC’s imminent approval of spot Bitcoin ETFs.

“We’re gonna get this ETF before Jan. 10. That’s kind of the drop-dead date that Gensler has before he gets in trouble with Grayscale and the lawsuit,” said Novogratz.

Grayscale CEO Calls for Simultaneous Approval


It is unclear if Novogratz was specifically referring to Grayscale’s Bitcoin ETF or any other Bitcoin ETF applications filed by other financial institutions. Meanwhile, Grayscale CEO Michael Sonnenshein said the SEC needs to approve Bitcoin ETF filings simultaneously to avoid giving any issuer an early advantage.

“We’ve publicly been advocates of the fact that when the commission is ready to give the requisite approvals for spot products to come to market, that it should be done all at once,” said Sonnenshein in an interview with Bloomberg. “The issuers who are operationally ready to launch their products should come out the gate all at once.”

“The Fed’s pivot is really important. That press conference was as dovish as anybody expected and the markets are behaving that way,” says @Novogratz. “#Crypto likes it. We are going to get this ETF before January 10.” pic.twitter.com/Tu7uSHiPcV

— Squawk Box (@SquawkCNBC) December 19, 2023

Novogratz also addressed to the crypto and Bitcoin market performances. “For all the Bitcoin skeptics out there,” said Novogratz, “The Fed’s pivot is really important. That press conference was as dovish as anybody expected. And the markets are behaving that way.”

“I think crypto likes it,” concluded Novogratz.

BlackRock Confirms Bitcoin ETF Ticker and Adopts Cash Redemption Model


BlackRock’s spot Bitcoin ETF has been officially assigned the ticker IBIT, as revealed in an amended S-1 filing with the SEC. The filing also marks a shift to a cash redemption model, aligning with SEC preferences. This model requires transactions in cash for Bitcoin holdings, contrasting with the previously considered “in-kind” model.

Similarly, ARK Invest and 21Shares have amended their filings to adopt this model. The SEC’s decisions on various Bitcoin and Ethereum ETF applications, including those from ARK Invest and 21Shares, remain pending into 2024.

The post Galaxy Digital CEO Novogratz Anticipates Bitcoin ETF Approval by Jan 10 appeared first on Cryptonews.

Previous Post

Huge profits can be earned from Retik Finance (RETIK) and Solana (SOL) in 2024

Next Post

Hong Kong Authorities Block Two Crypto Websites Suspected of Fraud

Next Post
Hong Kong Authorities Block Two Crypto Websites Suspected of Fraud

Hong Kong Authorities Block Two Crypto Websites Suspected of Fraud

Subscribe to Simplemoneygoal.com

    Giorgio Armani group names longtime executive Giuseppe Marsocci as CEO
    Politics

    Giorgio Armani group names longtime executive Giuseppe Marsocci as CEO

    October 17, 2025
    LendingTree founder and CEO Doug Lebda dies in ATV accident
    Politics

    LendingTree founder and CEO Doug Lebda dies in ATV accident

    October 15, 2025
    UPS is ‘disposing of’ U.S.-bound packages over customs paperwork problems
    Politics

    UPS is ‘disposing of’ U.S.-bound packages over customs paperwork problems

    October 13, 2025
    China outlines more controls on exports of rare earths and technology
    Politics

    China outlines more controls on exports of rare earths and technology

    October 10, 2025
    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Politics
    • Stock
    • Top News

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.