Galaxy Digital CEO: Bitcoin ETF Could Go Live Within a Year

According to Ambcrypto, Galaxy Digital CEO Mike Novogratz said in a recent podcast that a bitcoin ETF could be live within a year. He further emphasized that ETFs are much better than other products offered by institutions. He also hinted that SEC chief Gary Gensler is “smart” enough to approve the plan soon. However, the recent market turmoil could mean a pause in the approval process, Mike Novogratz said, “It makes absolutely no sense to approve a grayscale trust but not an ETF.” He also said that Ether has been scaling somewhat slowly, which has led to explosive growth in other ecosystems.