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90% Chance of Bitcoin ETF Approval by January 10, Analyst Predicts

Published 11/09/2023, 06:48 PM
Updated 11/09/2023, 07:15 PM
© Reuters. 90% Chance of Bitcoin ETF Approval by January 10, Analyst Predicts

  • Bloomberg analyst forecasts a 90% probability of Bitcoin ETF approval by Jan 10.

  • James Seyffart claimed that the window for all 12 trusts closes on Nov 17, but the SEC can decide on an initial 9.

  • Seyffart also noted delay orders for BlackRock, Bitwise, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie issued simultaneously.

Earlier today, Bloomberg analyst James Seyffart claimed that there is a 90% probability of spot Bitcoin ETF approvals by January 10. However, the market can soon enter a period during which a surge of approval orders for all existing applicants might potentially materialize if the approval process accelerates.

According to a chart Seyffart tweeted, “window for all 12” including Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, iShares Bitcoin Trust, Bitwise Bitcoin ETP Trust, VanEck Bitcoin Trust, Wisdomtree Bitcoin Trust, Invesco Galaxy Bitcoin ETF, Wise Origin Bitcoin Trust, Valkyrie Bitcoin Fund, Global X Bitcoin Trust, Hashdex Bitcoin ETF, and Franklin Bitcoin ETF closes on November 17. However, it’s theoretically possible for the SEC to render decisions on the initial 9 entries on this list at any time between now and January 10,…

The post 90% Chance of Bitcoin ETF Approval by January 10, Analyst Predicts appeared first on Coin Edition.

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