Ethereum

Bitcoin ETF

Bitcoin

Spot

As it is known, a decision is expected from the SEC regarding the spot Bitcoin ETF and the probability of approval of this decision is increasing.
At this point, while Bloomberg Intelligence ETF research analysts James Seyffart and Eric Balchunas became famous for their spot Bitcoin ETF analyzes and predictions this year, new statements came from Seyffart.
Speaking to The Block, James Seyffart explained his reasons by stating that he stands behind the view that Bitcoin ETF approvals are likely to come in January.
Claiming that the SEC is backed into a corner regarding spot Bitcoin ETFs, the Bloomberg analyst said that the possible date for a potential spot Bitcoin ETF approval is between January 8 and January 10.
Noting that he has been saying since October that ETFs have a 90% chance of being approved by January 10, Seyffart argued that the SEC would ultimately approve these ETFs, but that it strategically delayed this decision.
<blockquote>
 “The SEC will eventually approve the spot Bitcoin ETF. However, it is strategically and knowingly delaying this decision.
 The SEC is considering approving several applications, or at least most of them, at the same time to avoid giving an advantage to a single company by approving them one by one.
 Because the SEC does not want to pick a favorite to win this race, whether it is to obtain the most assets or the most liquidity.
 Therefore, if the SEC is going to approve ETFs, it will probably approve them all at once, because again it does not want to play the decisive role in this situation.
 For this reason, I think the SEC will give mass approval to ETFs in January.”
</blockquote>
When a Bloomberg analyst was asked how he felt so confident that ETFs would be approved all together in January, he said: “We've heard rumors from different people, people who have been involved in this process, people who know other people who have been involved in this process. We have very reliable sources, and we have some sources that we don't know how reliable they might be. But we've been hearing similar things from a bunch of different people, from different angles, for over a year.” ” said.
Also a major catalyst for approval is Grayscale's victory against the SEC.
Finally, touching on the approval of spot Ethereum ETFs, the analyst said that the possibility of a spot ETH ETF is a completely different situation.
Stating that the models of BTC and ETH are different at this point, Seyffart stated that if the SEC aims to stop the ETH ETFs process, it may delay the decision-making process or claim that Ethereum is a security.
Seyffart stated that it should not be forgotten that this possibility exists, adding that he thinks spot Ethereum ETFs will “most likely be approved” by the end of May.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bloomberg-analyst-sec-backed-into-a-corner-will-approve-spot-bitcoin-etf-in-january-but-the-situation-is-different-with-ethereum/" rel="noopener noreferrer nofollow">Bloomberg Analyst: "SEC Backed into a Corner, Will Approve Spot Bitcoin ETF in January! But the Situation is Different with Ethereum!"</a>

Bloomberg Analyst: "SEC Backed into a Corner, Will Approve Spot Bitcoin ETF in January! But the Situation is Different with Ethereum!"

Bitcoin Sistemi EN

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