Here’s Why Bitcoin ETF Wouldn’t Come Anytime Soon

Adekunle Joshua

BitGo CEO, Mike Belshe, believes that the SEC may not approve any existing Bitcoin spot ETF filings anytime soon

The SEC's reservations revolve around the division of exchange and custody responsibilities in the cryptocurrency market

This statement aligns with the agency's legal action against Coinbase in 2022, indicating its concerns

According to predictions from experts, including former BlackRock managing director Steven Schoenfield, the SEC might approve a Bitcoin ETF within the next three to six months

Belshe is optimistic that crypto-native companies will outshine in providing superior ETF services to investors.