Mike Novogratz, CEO of Galaxy Digital, predicts that the U.S. Securities and Exchange Commission (SEC) will approve a Bitcoin spot ETF this year. Novogratz believes that the positive discussions between Bitcoin ETF issuers and the SEC indicate a high probability of approval. Additionally, BlackRock CEO Larry Fink stated that they have received numerous requests from clients for a Bitcoin ETF. Novogratz also highlighted the significance of the SEC not appealing against the Grayscale ruling and potentially reviewing Grayscale’s filing to convert GBTC to a spot Bitcoin ETF.

AI Sentiment: Positive