Responding to whether spot bitcoin ETFs are likely to be approved before the end of the year, Cboe Digital Chief Legal Officer Katherine Kirkpatrick Bos discusses her thoughts on the potential timeline at CoinDesk's State of Crypto 2023 event in Washington, D.C. "No one really knows when we're going to get approval.. but even the fact that we're here talking about 'when' as opposed to 'if' is a massive shift."
No one really knows when we're going to get approval. So you're seeing a lot of speculation, you're seeing a lot of commentary, they're using best efforts, like things like the fact that the commission hasn't put up significant roadblocks in disclosure review, et cetera. But that's really somewhat anecdotal because the commission has every right to determine the timeline of approval. There may be additional litigation if we don't see approval in January, which could cause additional complication as to the overall timeline. But again, I think people even the fact that we're here talking about when, as opposed to, if that's a, that's a massive shift from even a year ago. And that is, I think one of the biggest driving forces of all of this excitement.