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Mati Greenspan: “ETF is not required for Bitcoin growth”

Mati-Greenspan-ETF-is-not-required-for-Bitcoin-growth Mati Greenspan | Senior analyst at eToro

Mati Greenspan, a senior analyst at eToro, expressed the opinion that for Bitcoin growth, it is not necessary that the Bitcoin ETF is approved by the US Securities and Exchange Commission (SEC).

"The idea of the SEC approving a Bitcoin ETF is basically saying that the government is going to approve something that the banks made. I don't think Bitcoin cares very much about that," Greenspan said.

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SEC Begins Considering Bitwise Bitcoin ETF Application

SEC-Begins-Considering-Bitwise-Bitcoin-ETF-Application SEC Begins Considering Bitwise Bitcoin ETF Application

The US Securities and Exchange Commission (SEC) has begun the process of reviewing an application for a change in the rule that will allow listing Bitcoin ETF proposed by Bitwise Asset Management and the NYSE Arca exchange.

The proposal itself was published in the Federal Register on February 15, which leaves authorized personnel 45 days to make an initial decision on approval, rejection or further extension of the time frame for consideration of the application. The SEC has a total of no more than 240 days to make a final decision on whether to approve or reject the proposal.

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