Bloomberg ETF analysts James Seyffart and Eric Balchunas posted a analysis be aware on Nov. 8 suggesting that an upcoming 8-day window opening on Nov. 9 might even see approvals from the SEC for a number of proposed spot Bitcoin ETFs.
he risk of upcoming spot Bitcoin ETF approvals.
That tweet reads:
“New Analysis be aware from me at present. We nonetheless consider 90% probability by Jan 10 for spot #Bitcoin ETF approvals. But when it comes earlier we’re coming into a window the place a wave of approval orders for all the present candidates *COULD* happen.”
Seyffat commented additional on the be aware on Twitter, stating that the present window for all 12 functions ends on Nov. 17. Nevertheless, he mentioned that the SEC might decide on 9 of the 12 ETF functions over the following two months.
The truth that an approval window has opened doesn’t assure that the U.S. Securities and Change Fee will approve the pending functions. The SEC has not made any assertion suggesting that it’ll approve the functions.