- James Seyffart described the U.S. Securities and Exchange Commission’s (SEC) loss to Grayscale as a complete rejection of the agency’s stance.
- Seyffart stated that the agency’s views didn’t make much sense because it drew a distinction between spot and futures ETF applications.
- The analyst reiterated that ETF approval is imminent and only a matter of time. He noted that the SEC almost always chooses to delay before or beyond the final date before granting approval.
COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
The critical event that could determine the future of Bitcoin might be ETFs; Bitcoin’s fate could change in early 2024; an ETF analyst explained!
Bitcoin ETFs Could Shape the Future

While intense debates continue about the race for a Spot Bitcoin ETF, Bloomberg Analyst James Seyffart described the U.S. Securities and Exchange Commission’s (SEC) loss to Grayscale as a complete rejection of the agency’s stance.
On August 29, 2023, the D.C. Court of Appeals had rejected the SEC’s views on the Grayscale Bitcoin Trust (GBTC) conversion, making a distinction between spot Bitcoin ETFs and futures ETF applications, as previously reported by COINOTAG. Bloomberg analysts see the likelihood of a spot Bitcoin ETF in 2023 at 75%.
Seyffart said that Grayscale’s application being accepted unanimously and the judge’s strong language against the SEC had elevated the analysts’ probabilities to 75%.
ETF approval is now just a “matter of time.”
The analyst reiterated that ETF approval is imminent and only a matter of time. He noted that the SEC almost always chooses to delay before or beyond the final date before granting approval. Therefore, one reason they have confidence it will happen in 2024 is that the first pending application before January 10, 2024, belongs to the Ark 21Shares Bitcoin ETF, with all the others coming in March 2024.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
The fate of the Bitcoin ETF race will likely be decided in early 2024, and after that date, Bitcoin’s price may likely rise, potentially breaking through resistance levels. Another significant event for the crypto ecosystem, the Bitcoin Halving, is expected to occur in April or May 2024.
COINOTAG recommends • Exchange signup |
🧱 Execute with discipline |
Watchlists, alerts, and flexible order control. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🧩 Keep your strategy simple |
Clear rules and repeatable steps. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧠 Stay objective |
Let data—not emotion—drive actions. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
⏱️ Trade when it makes sense |
Your plan sets the timing—not the feed. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
🌿 A calm plan for busy markets |
Set size and stops first, then execute. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
🧱 Your framework. Your rules. |
Design entries/exits that fit your routine. |
👉 Sign up → |