BlackRock insiders say Bitcoin ETF is likely 6 months away: Novogratz By Cointelegraph

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© Reuters.

The United States’ first spot (BTC) exchange-traded fund (ETF) could be approved sometime before February 2024, according to Galaxy Digital CEO Mike Novogratz — citing sources at BlackRock (NYSE:) and Invesco.

“It’s a big, big deal. It’s a big deal because both our contacts, from the Invesco side and from the BlackRock side, get you to think that this is a question of when, not if — that the outside window is probably six months,” Novogratz told shareholders during Galaxy’s Aug. 8 Q2 earnings call, which reported a $46 million net loss.

Or, even earlier