21 Shares President: Increase in revised documents indicates possible increase in approval of spot ETFs

Ophelia Snyder, president of 21Shares, a potential Bitcoin ETF applicant, said on Monday that interactions with regulators are indeed different this time. She noted in an interview on Bloomberg Television: "Everyone is looking at this race every minute, every day... is it today, is it tomorrow? I think that's a challenging view. I think The clearest sign is that we are experiencing a paradigm shift.” Snyder said that the way regulators interact with fund groups seeking to launch spot Bitcoin ETFs and the issues involved have historically been relatively stable. She added: "I think we're seeing something different now, where people are actually revising the document and providing more information about what these products will actually look like in the market. That's very positive because, frankly, , changes in behavior may actually lead to changes in outcomes, which is very exciting."