Bitcoin ETF coming ‘in a year or two,’ analyst says as SEC mulls applications

The Securities and Exchange Commission formally acknowledged a bitcoin ETF proposal from VanEck just two weeks ago, starting the countdown on its 45-day approval timeline.But seeing a bitcoin ETF approved in the next 30 days isn't that likely, according to Todd Rosenbluth, head of ETF and mutual fund research at CFRA Research.It's more likely that the SEC will extend its timeline, he told CNBC's "ETF Edge" on Monday."We've got a number of firms that have either gone through the filing process or have previously filed but are waiting for more clarity," Rosenbluth said. "The SEC is less likely to try to pick a winner, we think, as to who comes first and we're more likely to see them — if they do approve any ETF — to approve multiple bitcoin-related ETFs. We've got a number of firms that have entered and we think we're likely to see one in the…

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