The countdown begins. In the financial arena where the giants of Wall Street take on the United States Securities and Exchange Commission (SEC) In the field of Bitcoin ETFs, the optimism of analysts does not weaken. Armed with arguments, they defend a favorable outcome, like this Bloomberg expert who gives us his predictions.
For Bloomberg, Bitcoin ETFs are coming soon
So we learned yesterday, an 8-day window that could allow the approval of Spot Bitcoin ETFs would open on November 9, i.e. today. At least that’s what this Bloomberg analyst thinks:
“New research note today. We still think there is a 90% chance by January 10 that ETFs will be approved for Bitcoin spot.
But if it happens sooner, we enter a window where a wave of approval orders for all current applicants that *COULD* occur. »
James Seyffart – Source:
However, the conditional still remains relevant, even if Bloomberg analysts also confirm that there is 90% chance one Bitcoin ETF be approved by January 10, 2024.
Why such certainty? THE Bitcoin ETF Application Mechanism contains a so-called “comment” period. If the SEC wants to be “fair” and approve all ETF applications at once, it will have to do so when none of them are in the comment period.
However, between November 9 and 17, none of the ETF applications filed will be subject to a comment period, which would therefore open the way to the SEC.
Alongside this announcement, negotiations seem to have started in Grayscale and the SEC which would seem to confirm that the coming week will be important, and, perhaps, even decisive. To be continued on the Journal du Coin.