Valkyrie CIO anticipates spot Bitcoin ETF approval as early as the end of November

Valkyrie Chief Investment Officer (CIO) Steven McClurg told ETF.com on Nov. 2 that regulators could approve a spot Bitcoin ETF by the end of the month.
McClurg said that this approval timeline “likely means a February launch” in 2024, as the SEC could ask firms to add more details to other S-1 filings before any final launch.
ETF.com also obtained a statement from Bitwise CIO Matt Hougan, who said that he is “hopeful” about his company’s plans to launch a spot Bitcoin ETF.
Bitwise’s chief investment officer, meanwhile, predicted $50 billion in inflows once approval is granted.