BitGo CEO Mike Belshe Believes the SEC Will Eventually Approve a Bitcoin ETF

BitGo CEO Mike Belshe Believes the SEC Will Eventually Approve a Bitcoin ETF

BitGo CEO Mike Belshe believes that the SEC will approve a bitcoin ETF in the future. The company provides solutions for institutional investors, and it is one of the few companies with a track record of facilitating daily bitcoin transactions for high net-worth individuals.

Belshe stated that he expects SEC approval for a bitcoin ETF within five years. He said: It’s going to be done. I think it’s going to happen before five years, but we’re not there yet.

He added: The SEC is working on it; they have given us some guidance as to what they want us to do and how they want us to do it and when they think we should be ready, so we are working hard on making sure that happens.

Belshe said BitGo hopes to launch a cryptocurrency custody solution by year-end 2019, which would help institutions store their digital assets securely in custody through his company’s platform.