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Bloomberg analysts Eric Balchunas and James Seyffart have raised the odds of a spot Bitcoin ETF approval to 90% by January 10th. The analysts point to a recent update to an application from ARK and 21Shares spot BTC ETF as a positive sign of a 'constructive conversation' with the SEC. Investors anticipate the approval of a Bitcoin ETF, which could attract $600 billion in investments. Meanwhile, Ethereum funds have seen a decline while the ETH futures ETF struggles to gain traction since its launch.
ICYMI: Latest bitcoin ETF prospectus changes suggest approval is getting closer, say analysts https://t.co/S6ejriJcgR
Analysts @JSeyff and @EricBalchunas: Chance of Spot BTC-ETF Approval by January 10 Estimated at 90%
Bloomberg Analysts argue that a recent update to an application from ARK and 21Shares spot BTC ETF signals a “constructive conversation” with SEC that typically only happens when an ETF is on its way to approval. They say there’s a 90% chance of SEC approval by around Jan. 10.… https://t.co/zUYY0IHVPu
As of October 6, #Bitcoin funds surged by $246M YTD, while Ethereum funds saw a $104M decline 👀 Investors anticipate a spot #Bitcoin ETF approval, which could attract $600 billion - meanwhile the ETH futures ETF has struggled to gain much traction since its launch 😮 https://t.co/L0SuEnAXAP
JUST IN: Bloomberg analyst @JSeyff reports a 90% chance of approval for a spot #Bitcoin ETF by January 10th, 2024 👀🙌 https://t.co/pIbrGclG7u
Bloomberg analysts Eric Balchunas and James Seyffart raise spot #Bitcoin ETF approval odds to 90% by January 10th 👀 https://t.co/LIUPmnE9LF
.@realMatrixport says @SECGov approval of a U.S.-listed spot bitcoin ETF could result in inflows of as much as $30 billion, triggering a large rally in $BTC. @willcanny99 reports. https://t.co/NpTc2kiIVK
Digital asset investment products saw a total inflow of US$78 million last week, and ETP trading volume also increased by 37% to US$1.13 billion; the ETH futures ETF launched in the US attracted less than $10 million in the first week; Solana saw its largest weekly inflows since… https://t.co/Fpii15RrBv