The chief executive of crypto custodian BitGo says that the U.S. Securities and Exchange Commission (SEC) will reject another round of spot market Bitcoin (BTC) exchange-traded fund (ETFs) applications.
In a new interview on Bloomberg Television, BitGo CEO Mike Belshe says that the duality of modern crypto firms like Coinbase – which doubles as both a crypto exchange and custodian – will cause the regulatory agency to reject bids for BTC ETFs.
“We’re all excited about the ETF. It’s…
