Bitcoin ETF saga reaches ‘pattern break’ as amendments pile up

The ongoing amendments to bitcoin ETF proposals by various fund issuers signal an approval could be coming, industry watchers have said. 

Ophelia Snyder, the president of bitcoin ETF hopeful 21Shares, said Monday that engagement with regulators indeed has a different feel this time around. 

“Right now everyone’s watching this race on a minute-by-minute, day-by-day basis…is it today, tomorrow?” she noted during an interview on Bloomberg TV. “I think that’s a challenging way of looking at this. I think the clearest indication is that we’re in a pattern break.”

The US Securities and Exchange Commission has never allowed a spot bitcoin ETF to come to market — despite…

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