United

Bitcoin ETF

Spot

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<ul>
 <li>Bloomberg’s Senior ETF Analyst Eric Balchunas believes that the United States will likely have around 500 approved exchange-traded funds (ETFs) this year.</li>
 <li>According to Johnson, a significant number of ETFs have been launched this year, making it the second-highest number for any calendar year after 2020, which had 274 recorded.</li>
 <li>Balchunas is very optimistic about launching 500 ETFs by the end of this year and sees the possibility of achieving this by adding at least 2 new ETFs.</li>
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<p><strong>Eric Balchunas believes the US will have 500 ETFs this year: Could these ETFs include spot Bitcoin ETFs?</strong></p>
<h2 id="strong-the-united-states-could-have-500-etfs-this-year-strong"><strong>The United States Could Have 500 ETFs This Year</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-130288" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/usa-bitcoin-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="usa-bitcoin" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/usa-bitcoin-1.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/usa-bitcoin-1.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/usa-bitcoin-1.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/usa-bitcoin-1.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/usa-bitcoin-1.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/usa-bitcoin-1.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/usa-bitcoin-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/usa-bitcoin-1.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/usa-bitcoin-1.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>Bloomberg’s Senior ETF Analyst Eric Balchunas believes that the United States will likely have around 500 approved exchange-traded funds (ETFs) this year. The shared statistics reflect the likelihood of including at least one spot Bitcoin ETF, following Morningstar asset manager Ben Johnson sharing a screenshot on the X app.</p>
<p>According to Johnson, a significant number of ETFs have been launched this year, making it the second-highest number for any calendar year after 2020, which had 274 recorded. Specifically, 478 ETF products have been launched so far, and out of these, 208 have been closed. Additionally, a total of 34 investment fund-ETF conversions have taken place.</p>
<p>Balchunas is very optimistic about launching 500 ETFs by the end of this year and sees the possibility of achieving this by adding at least 2 new ETFs. He suggested that this situation could be a direct byproduct or reflection of the $2 billion cash ETF purchase during the day. The analyst stated, “All systems are ready right now.”</p>
<p>None of these launched ETFs are a spot Bitcoin ETF that the SEC in the U.S. has not yet approved as the first proposal in the region. Top-tier investment asset management firms such as BlackRock, Invesco, Valkyrie, VanEck, and many others hope to obtain approval for Bitcoin ETFs by submitting separate applications to the SEC.</p>
<h2 id="strong-bitcoin-etf-coming-soon-strong"><strong>Bitcoin ETF Coming Soon</strong></h2>
<p>Rather than welcoming these applicants with open arms, the agency has decided to postpone the decision on at least 7 applications. Since BlackRock submitted its spot Bitcoin ETF application to the SEC in June, the regulatory body has repeatedly delayed its decision.</p>
<p>The trend is now changing, and the SEC’s Division of Trading and Markets actively working on making a decision as soon as possible by engaging with potential ETF issuers. So far, it has been reported that Grayscale Investments and BlackRock have met with SEC officials, a move that solidifies the expected approval probability.</p>
<p>All signs point to the final approval of a Bitcoin ETF this time. While expectations are high, it is unlikely that the decision will come this year because the next decision window is scheduled for January 5-10, 2024.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/this-year-the-number-of-etfs-launched-in-the-u-s-approaches-500-could-spot-bitcoin-etfs-be-included/">This Year, the Number of ETFs Launched in the U.S. Approaches 500: Could Spot Bitcoin ETFs Be Included?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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This Year, the Number of ETFs Launched in the U.S. Approaches 500: Could Spot Bitcoin ETFs Be Included?

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