Spot Bitcoin ETF ‘A Question of When, Not If’

Galaxy Digital Chief Executive Mike Novogratz said the approval of a spot bitcoin exchange-traded fund in the U.S. is “a question of when not if,” based on his contacts from asset managers BlackRock and Invesco.

“We are gonna fight like cats and dogs to win market share there once it’s approved,” Novogratz said on the crypto financial services firm’s second-quarter earnings call Tuesday.