Bitcoin ETF approval nears, but prepare for more setbacks: BitGo CEO

In A recent interview with Bloomberg, Mike Belshe, CEO of crypto exchange BitGo, declared that THE walk structure needs has improve Before THE WE. SECOND will to agree approval For Bitcoin ETF.

Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning towards A favorable result For A place Bitcoin (BTC) exchange traded funds (ETF). However, he underlines that THE journey in front won't be without challenges.

In A interview with Bloomberg on November 16, Belshe explain that base on THE discussions socket place between companies while searching Bitcoin ETFs approval And THE United States Securities And Exchange Commission (SECOND), he is holding A optimistic see that approval East imminent.

However, he sharp out that improvement THE walk structure East A must Before THE SECOND subsidies ultimate approval For A Bitcoin ETF:

"I think he East enough likely We to have another round of ETFs refusal Before We get THE positive news. »

Belshe reiterated THE DRY position on to separate crypto Exchanges Since the gardians, emphasizing that This condition must be address Before approvals are granted.

Furthermore, he reference Sat Bankman-Fried, THE ancient CEO of THE now gone crypto exchange FTX, affirming that he was trying has TO DO FTX A multifaceted operation:

« 15 month There is We had Sat Bankman-Fried to walk all on Washington D.C. advocating her Seven key points of regulations. He basically said, to leave Me take on all these functions, he East while going has be great, he East while going has be effective."

Related: Tree of Wisdom fine S-1 form place Bitcoin ETFs deposit as crypto waits SECOND decisions

This follows reports indicating that THE excitement surrounding THE potential approval of A place Bitcoin AND F...