The clock is ticking down to this Friday (October 13), when the window for the US Securities and Exchange Commission (SEC) to appeal the Grayscale Bitcoin spot ETF ruling by the US District of Columbia Circuit will shut. As this deadline looms, the crypto community is abuzz with speculation, predictions, and hopes for what the outcome might entail for the larger digital currency ecosystem.
What Will Happen On Friday?
Prominent ETF analyst from Bloomberg, Eric Balchunas, recently shed light on the current situation in a conversation on X (formerly Twitter).
He emphasized the SEC’s deviation from its traditional methods, stating:
The fact that they are actively engaging with issuers on their current filings (via comments, which hasn’t ever happened before) we think appeal [is] unlikely and denial unlikely. Again we holding line at 75% odds approval by [the] end of year, a number that would only go up if we go into January.
Supporting Balchunas’ optimism, his colleague James Seyffar
We współpracy z: https://bitcoinist.com/sec-grayscale-bitcoin-etf-appeal-friday/
