The broad crypto community earnestly awaits a potential spot Bitcoin ETF approval from the United States Securities and Exchange Commission (SEC), especially as the stipulated date for a decision draws closer.
Bitcoin ETF Trends to Watch
Two senior ETF analysts at Bloomberg Eric Balchunas and James Seyffart have remained in the forefront of discussions relating to the SEC’s decision on the numerous spot Bitcoin ETF applications. They both predicted that the odds of receiving approval for the new product are at 90%.
Recently, Seyffart announced that the SEC has a narrow window in which it will either approve or reject multiple Bitcoin spot ETFs in the United States. He said that this window now lies between January 5 and 10, 2024 meaning that the approval come before that time or within the week.
In response to Seyffart’s post, Balchunas urged members of the public to look out for more S-1 filing amendments this week. On the other hand, the analyst confirmed that there would be
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