Top Bloomberg ETF analysts are growing more confident about the potential of having a spot Bitcoin ETF approval by January 2024.
Bitcoin ETF Approval Odds Now at 90%
According to an X post by James Seyffart, as complemented by Eric Balchunas’, there is a 90% chance of having the United States SEC approve the numerous spot Bitcoin ETF applications on its desk by January 10. There is also a possibility that the approval would come in earlier.
Based on his recent permutations, Seyffart sees the likelihood of having a huge influx of approvals from the SEC at the same time.
He shared a screenshot of a report titled “Bitcoin ETFs’ Approval Opportunity” which he co-authored with Balchunas, where they both teased the opening of a brief approval window for the product.
Per the screenshot, the window is scheduled to open on November 9, during which the SEC might approve all 12 Bitcoin ETF applications it is currently reviewing. These include Grayscale’s GBTC which was recently clea
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