BitGo CEO expects additional round of Bitcoin ETF rejections
BitGo CEO Mike Belshe says the market should expect another round of spot Bitcoin ETF reject ions as there are still issues to be resolved. Although the crypto market is seeing signs that a spot Bitcoin (BTC) exchange-traded fund (ETF) will finally be approved somewhat in the near future, BitGo CEO Mike Belshe thinks the industry should prepare for yet another round of reject ions by the U.S. Securities and Exchange Commission (SEC). In an interview with Bloomberg, Belshe, who runs qualified crypto custodian in the U.S., noted that he’s optimistic about the eventual outcome for Bitcoin ETFs, but noted that the market structure still appears to be the main question, which remains unresolved. Belshe particularly noted that prior to FTX’s collapse, disgraced founder Sam Bankman-Fried was attempting to persuade U.S. regulators to follow his vision of how the regulatory framework for the crypto industry should look like. That bet did not pay off for Bankman-Fried, who ...