Galaxy Digital founder and prominent Bitcoin proponent Mike Novogratz predicted that the value of Bitcoin would rise by the end of the year if the US Securities and Exchange Commission (SEC) approves the launch of a spot BTC ETF (Exchange-Traded Fund) in America. Also, stating that a potential SEC approval indicates that Bitcoin is considered a leading asset, Novogratz thinks that BlackRock and Invesco offering a similar product for investors could drive mass adoption. The next Federal Open Market Committee (FOMC) meeting will be held on July 26.