According to recent forecasting, the SEC is closer than ever to approving the first spot Bitcoin ETFs on the US markets.
The assumption, which has been circulating for some time now, is that it may approve en bloc all those applications that have all the requirements to be.
The forecasting on Bitcoin ETFs: the details
Bloomberg Senior Analyst Eric Balchunas wrote bluntly that they predict not only a 75% chance that the SEC will approve them, but more importantly that they will be approved before the end of 2023.
The fact that they are actively engaging w issuers on their current filings (via comments, which hasn’t ever happened bf) we think appeal unlikely and denial unlikely. Again we holding line at 75% odds approval by end of year, a number that would only go up if we go into January https://t.co/Ybpz88oCRb
— Eric Balchunas (@EricBalchunas) October 9, 2023
Balchunas was commenting on a tweet from a Bitcoin Magazine reporter who pointed out that by the end of this week
We współpracy z: https://en.cryptonomist.ch/2023/10/10/bitcoin-etf-prediction/
