Valkyrie Founder Expects Spot Bitcoin ETF Approval Wednesday: Will the SEC Finally Give the Green Light?
The crypto world is buzzing with anticipation! Valkyrie Investments’ Steven McClurg expects the SEC will approve 10 spot Bitcoin ETFs by close of business on Thursday, but according to a new statement, the final decision could come even sooner. Valkyrie co-founder and CIO Steven McClurg has been a vocal proponent of Bitcoin ETFs for years, and now his prediction is fueling renewed optimism.
Steven McClurg, co-founder of Valkyrie, has stated in a conversation with Fortune that he expects the Spot Bitcoin ETF proposal of the company to be approved this week. This sentiment aligns with growing expectations that The Securities and Exchange Commission may approve the much-anticipated spot bitcoin ETF as soon as this month, Valkyrie’s Steven McClurg said, as firms push forward.
Steven McClurg is the cofounder and chief investment officer of Valkyrie, a crypto native asset manager that is one of a dozen-odd prospective issuers vying to sell a spot Bitcoin ETF. The potential approval marks a significant milestone for the cryptocurrency industry, potentially opening the door to wider institutional adoption and increased retail investment.
The long wait might be over. The SEC might finally approve spot bitcoin ETFs on Wednesday after denying applications for more than a decade. McClurg's confidence stems from increased engagement and dialogue between the SEC and potential ETF issuers.
In an interview with Fortune, Valkryie cofounder Steven McClurg said he expects their Spot Bitcoin ETF will receive approval on Wednesday. Moreover, he predicted that several other applications will also be approved. If they are approved, McClurg said ETFs would offer a regulated and accessible way for investors to gain exposure to Bitcoin without directly holding the cryptocurrency.
Steven McClurg, Chief Investment Officer (CIO) at Valkyrie Investments, has put forth a strong indication that a landmark approval from the US Securities and Exchange Commission (SEC) is imminent. His expertise and insight as a key figure in the crypto asset management space lend considerable weight to his predictions.
The entire industry is holding its breath. Spot bitcoin ETFs are expected to get approved at the end of business day on Wednesday, Valkyrie Investments co-founder and CIO Steven McClurg told The Block. If Valkyrie, along with other firms, receives approval, it could revolutionize the Bitcoin investment landscape.
Will Wednesday be the day? Stay tuned for updates as we closely monitor the SEC's decision on the spot Bitcoin ETF applications.