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TechFlow news — Hal Press, CEO of hedge fund North Rock Digital, tweeted that the approval probability for spot Bitcoin and Ethereum ETFs is extremely high. He cannot specify a timeline, but Bitcoin could be approved within months.
He stated that judges have essentially concluded that futures-based regulatory mechanisms are already sufficient, leaving the U.S. Securities and Exchange Commission with no further justification to deny approval.
Hal Press, CEO of hedge fund North Rock Digital, tweeted that the approval probability for spot Bitcoin and Ethereum ETFs is extremely high. While he couldn't specify a timeline, he indicated Bitcoin might be approved within months. He stated judges have essentially concluded that futures regulatory mechanisms are already sufficient, leaving the SEC with no further justification to reject the applications.
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