ETF Analyst Evaluates New Possibilities for Approval of Spot Bitcoin ETFs!

• Eric, who shares a previous post by James Seyffart, maintains their assertion that the approval of spot Bitcoin ETFs is imminent.
• Responding to various questions about the approval of spot Bitcoin ETFs, Eric stated that the likelihood of approval by the U.S. SEC is still 90%.
• Carlasare expresses confidence in the approval of several spot ETFs and specifies potential approval dates as Friday, January 5, or Monday, January 8.

Renowned ETF analyst evaluates the possibilities of approval for spot Bitcoin ETFs: Are approval decisions for ETFs coming soon?

ETF Analyst Evaluates Bitcoin ETF Approvals

Eric Balchunas, Bloomberg’s senior ETF analyst, once again clarified the expected approval date for spot Bitcoin ETFs. Sharing a previous post by James Seyffart, Eric maintains their assertion that the approval of spot Bitcoin ETFs is imminent.

In response to various questions about the approval of spot Bitcoin ETFs, Eric stated that the likelihood of approval by the U.S. SEC is still 90%. Regarding the date, Eric boldly stated that the license for a spot Bitcoin ETF would be granted before January 10, 2024.

Eric sheds light on additional ETF applications, along with the latest application for a Bitcoin ETF. He argues that more applications could be seen before the approval date.

Moreover, addressing a significant step in the ongoing discussion about ETF approval, Eric notes that, contrary to popular belief, the SEC and issuers are effectively coordinating behind the scenes while specific dates and deadlines are being discussed. The collaborative efforts aim to expedite the preparation of ETFs within the current cycle.

Excitement About Spot ETFs

Known for his calm and realistic approach to spot ETF discussions, Joe Carlasare made a noteworthy prediction. Expressing confidence in the approval of several spot ETFs, Carlasare specifies potential approval dates as Friday, January 5, or Monday, January 8.

This caught the attention of Ripple Attorney John E Deaton, who appreciates Joe’s composed stance. As an experienced investor, Deaton continues to remain optimistic, predicting a short-term correction after approval and implying an intention to ‘hodl’ within market dynamics.