With the approval of spot Bitcoin ETFs imminent, the question now is when. Investment firm CEOs are confident the landmark decision will come down on Wednesday. On Tuesday, VanEck CEO Jan van Eck suggested that his firm’s Bitcoin ETF could start trading on Thursday, lending credence to speculation that the U.S. Securities and Exchange Commission will begin approving the various ETFs on Wednesday.

“We have precedent… that’s what happened with Ethereum futures ETFs,” van Eck said during a panel hosted by CNBC’s Bob Pisani. “[The Ethereum Futures] were all approved to launch on the same day. And I think the SEC, at a high-level policy wise, doesn’t want to advantage any particular ETF issuer, so this is a fair way of dealing with that.

Over ten spot Bitcoin ETFs are awaiting final approval by the SEC to begin trading. While the different investment funds may compete with each other, van Eck says the approval of ETFs will be good for everyone.

“I don’t think this is going to be a winner-take-all market, by the way. I think market share will be distributed,” van Eck said. “There’ll be a lot of winners, and that’s fine, that’s great.”

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Author: Jason Nelson

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