Bloomberg analyst James Seyffart shared important updates on the spot Bitcoin exchange-traded fund (ETF) process.
In his social media post dated December 23, James Seyffart touched on the current status of the spot Bitcoin ETF process. Seyffart, BlackRock, hashdex And pando Asset has filed revised S-1 filings. told.
On the other hand, BlackRock on January 3 for spot Bitcoin ETF $10 million seed fund Pointing out that the company plans to provide funds, the experienced analyst interpreted this situation as a harbinger of an early spot Bitcoin ETF launch:
It looks like BlackRock is planning to make a move on January 3. They invested $10 million in initial funding for the ETF. But perhaps this means BlackRock expects a launch to happen soon?
Analysts say the U.S. Securities and Exchange Commission will review those ETF applications. 90% probability that it will be approved in January he thinks. After the approval, when spot Bitcoin ETFs would be offered to investors became a separate topic of discussion.
Commenting on the issue recently, analyst Crypto Rover said that ETF approvals The launches will take place very soon. He had predicted.