Galaxy Digital’s CEO, Mike Novogratz, predicts that a spot Bitcoin ETF will be approved by January 10, 2024. He believes that the approval will happen before this date to avoid any legal trouble with Grayscale and a potential lawsuit. Novogratz suggests that the approval of the ETF will provide more fuel for the crypto market and benefit crypto stocks. The January 10 deadline is related to an application from Ark Invest and 21Shares, not Grayscale as initially suggested. However, meetings between the SEC and various applicants, along with filing amendments, indicate that approval is likely. K33 Research and Bloomberg ETF analysts also endorse the January deadline, with expectations of an early approval. Overall, there is anticipation that a spot Bitcoin ETF will be approved in the coming weeks, potentially benefiting the crypto market.

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Information	Details
Geography	North America
Countries
Sentiment	very positive
Relevance Score	1
People	Mike Novogratz
Companies	BlackRock, Galaxy Digital, Grayscale, SEC, Bloomberg, K33 Research, Ark Invest, 21Shares
Currencies	Bitcoin
Securities	None