Eric Balchunas, a well-known ETF analyst of Bloomberg Intelligence has outlined a possible sequence of events to watch out for regarding Bitcoin ETF approvals in the United States.
Potential Bitcoin ETF Approval Sequence
Balchunas shared his thoughts in a recent thread on the X platform when asked about the potential timeline for the launch of a Bitcoin ETF. Balchunas acknowledged the presence of unknown factors but offered a best guess.
According to him, it’s likely that the 19b-4 filings will be approved in the not-so-distant future. These filings are essential for establishing Bitcoin ETFs and are currently under review by the U.S. Securities and Exchange Commission (SEC).
Once the 19b-4s are approved, there might be a time gap while the SEC prepares for the next steps. After this, the SEC is expected to approve S-1 filings, which would bring the launch of a Bitcoin ETF closer. Balchunas even hinted that the launch could be just a matter of days once the S-1 filings are approv
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