Commodity strategist predicts Bitcoin ETF could get the nod in US next month

Cointelegraph

Published Sep 22, 2021 01:18AM ET

Updated Sep 23, 2021 03:20AM ET

Bloomberg Intelligence commodity strategist Mike McGlone believes it is only a matter of time before the United States Securities and Exchange Commission approves the country’s first Bitcoin (BTF) exchange-traded fund (ETF).

In an interview with Stansberry Investor host Daniela Cambone on Tuesday, McGlone asserted that Canada is extending a competitive lead over the U.S. after approving Bitcoin ETFs from 3iQ and CoinShares in April.

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