An ex-BlackRock director believes that the US Securities and Exchange Commission (SEC) will approve a Bitcoin exchange-traded fund (ETF) within the next three to six months. The director made this statement during a panel discussion on ETFs at a Digital Asset Summit in London. Another ex-BlackRock director, who is now the CEO of Jacobi Asset Management, suggested that the SEC may approve all ETF applications simultaneously to avoid giving any company a first-mover advantage. However, the first ex-director disagreed and stated that BlackRock will face strong competition from other firms deeply committed to tradable digital assets. He also mentioned that the approval of a Bitcoin ETF may lead to a significant inflow of $150 to $200 billion into Bitcoin investment products over the next three years. The article also provides links to additional news and resources on Web3.
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