Bloomberg analyst Eric Balchuna questioned the veracity of a Matrixport report that claimed that the Securities and Exchange Commission (SEC) might reject several pending applications for a spot Bitcoin ETF.
“At this point, saying SEC rejecting it isn’t just going against James Seyffart and I like it was in the early days, now you basically saying multiple mainstream news reporters with multiple sources on inside of this also have it wrong too. Not saying it’s impossible (again we are still ‘only’ at 90%) but it overturns a LOT of good intel,” Balchunas said.
Balchunas furthered that no concrete information supported the speculated denials and questioned the basis of the prediction. The analyst wondered if the claim was based on information from insider sources within the applicants, the SEC, or if they were purely the personal opinion of Markus Thielen, the head of research at Matrixport.
Earlier today, digital asset management Matrixport said it anticipates a likely rejec
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