Bitcoin ETF

James

<p>Earlier today, Matrixport published a report predicting that the SEC would reject all Bitcoin ETF applications in January, causing Bitcoin’s price to plunge 9% within an hour. However, well-respected ETF analysts James Seyffart and Eric Balchunas from Bloomberg have countered Matrixport’s justification, arguing that ETF approval is actually highly likely.</p>
<p><a href="https://x.com/BTC_Archive/status/1742535260414300406?s=20" target="_blank" rel="noopener noreferrer nofollow">According</a> to Bitcoin Archive, Matrixport claimed ETF rejection is imminent because the SEC’s 5 Democratic commissioners lack political incentives, asserting that “Democrats don’t like ‘crypto'” and that applicants have failed to satisfy requirements.</p>
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<p>But as highlighted by Bitcoin Archive, Bloomberg’s analysts paint a completely different picture. Having correctly predicted Grayscale’s recent legal victory against the SEC, Seyffart and Balchunas estimate a +90% chance of ETF approval thanks to the SEC’s evolving stance.</p>
<p>“The SEC’s significant change in behaviour by way of engaging with applicants and providing them with guidance on updating their applications” is a major factor behind Bloomberg’s prediction, according to Bitcoin Archive.</p>
<p>The report then outlines 6 key reasons the ground has shifted towards ETF approval:</p>
<ol>
 <li>Grayscale’s precedent-setting legal win against the SEC</li>
 <li>The SEC proactively working with ETF issuers</li>
 <li>Applicants addressing the SEC’s past concerns</li>
 <li>Increased Bitcoin market maturity and improved infrastructure</li>
 <li>Advances in market surveillance and compliance</li>
 <li>Rising institutional interest in Bitcoin</li>
</ol>
<p>With the SEC willingly engaging with issuers to resolve issues, Bloomberg sees politics and partisanship as a fading factor. The merits now matter more to the SEC.</p>
<p>So while further volatility is expected until final verdicts are issued, Bloomberg’s experts and Bitcoin Archive remain confident in ETF approvals materializing. Yet Matrixport is unconvinced without clear political incentives.</p>
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<p>The post <a href="https://captainaltcoin.com/the-real-reason-behind-matrixports-dire-bitcoin-etf-predictions/" rel="noopener noreferrer nofollow">The Real Reason Behind Matrixport’s Dire Bitcoin ETF Predictions</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

The Real Reason Behind Matrixport’s Dire Bitcoin ETF Predictions

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