According to James Seyffart and Eric Balchunas, two analysts specializing in exchange-traded funds (ETFs) at Bloomberg, the likelihood of a spot bitcoin ETF debut in the U.S. has surged to 65%. These analysts attribute this increase to “pressure from Blackrock and possibly Democrats,” a force that could compel the U.S. Securities and Exchange Commission to act.
U.S. Spot Bitcoin ETF Odds Rise to 65%, Analysts Cite Blackrock Influence
Following a wave of spot bitcoin ETF filings and revisions, the Securities and Exchange Commission (SEC) now finds itself with several applications awaiting review. In the midst of June, Blackrock, the world’s largest asset manager by assets under management (AUM), lodged its spot bitcoin ETF application, with several other contenders quickly falling in line. Fast forward to August 2, 2023, and Bloomberg ETF analysts James Seyffart and Eric Balchunas publicly offered their insights regarding the SEC’s potential approval of a spot bitcoin ETF.
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