Former BlackRock executive, Martin Bednall, believes that the United States Securities and Exchange Commission (SEC) will approve all spot Bitcoin Exchange Traded Fund (ETF) applications simultaneously. Bednall made this prediction during a panel discussion at the CCData’s Digital Asset Summit in London. He is optimistic about the approval of ETF applications from BlackRock, Fidelity, WisdomTree, Invesco, and others. Bednall suggests that the SEC has a compelling reason to approve all seven applications at once, as granting approval to one firm first would give them a significant advantage in the market. This viewpoint aligns with Cathie Wood’s opinion that the SEC will approve multiple Bitcoin ETFs simultaneously. Grayscale Investments, which recently won a court battle against the SEC’s rejection of its ETF application, also supports the simultaneous approval of all spot Bitcoin ETF applications. The reputation and status of the firms involved, such as BlackRock, are likely factors being considered by the SEC. Bednall notes that BlackRock will leverage its sales and distribution capabilities to ensure its ETF becomes the go-to option. Wood predicts that the approval of multiple ETFs will bring billions of dollars into the asset class, with up to $50 billion in inflows if all spot Bitcoin ETF applications are approved at once.

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Information	Details
Geography	Europe
Countries
Sentiment	positive
Relevance Score	6
People	Martin Bednall
Companies	SEC, WisdomTree, BlackRock, Invesco, Fidelity
Currencies	Bitcoin
Securities	None