Odaily Planet Daily reported that former BlackRock executive Martin Bednall said at the CCData Digital Asset Summit earlier this week that the U.S. SEC may approve all Bitcoin spot ETF applications at the same time, and the approval of potential Bitcoin ETFs will have a great impact on cryptocurrencies. Market had a "massive positive impact".
Steven Schoenfeld, CEO of VanEck's MarketVector Indexes, agreed, saying approval could "come within the next three to six months." That's because the SEC recently did not reject ETF applications outright and instead sought comment.
Additionally, Schoenfeld added that the SEC’s recent loss in the Grayscale case means it may have to allow the Grayscale Bitcoin Trust to convert into a spot Bitcoin ETF. (The Block)