Bloomberg Analysts Raise Bitcoin Physically-Backed ETF Approval Odds to Over 90% Amid SEC Optimism

Bloomberg analysts Eric Balchunas and James Seyffart have increased the likelihood of approval for most physically-backed crypto ETFs to over 90%, highlighting the U.S. SEC’s constructive engagement as a pivotal factor. This development signals a significant shift in regulatory sentiment towards digital asset investment vehicles. Despite this optimistic outlook, the experts caution that the exact timing for the ETF approvals remains ambiguous, with potential launches ranging from the upcoming months to possibly post-October. The emphasis remains on the inevitability of approval rather than the timing, underscoring a strategic milestone for the crypto investment landscape.