Bloomberg ETF analyst Eric Balchunas said spot Bitcoin ETF approval will likely come at midnight today.
Eric Balchunas wrote on Twitter on January 10: in the statement““For real this time” Happy ETF approval day, he said. Balchunas, most likely today EST 00.00 to between 02.00 While stating that the approval decision will come, he said that the procedures will start from Thursday.
The US Securities and Exchange Commission (SEC) yesterday Twitter account hacked and it was shared that spot Bitcoin ETF approval was given. While the incident in question deeply affected the cryptocurrency market, there were sudden movements in the Bitcoin price.
Considering that Spot Bitcoin ETFs are in the final stages and updates are constantly being made, experts regard approval as certain.
On the other hand, Balchunas also commented on the fiasco that took place in the SEC yesterday:
If I were the SEC’s public relations officer, I would advise Gary Gensler to hold a press conference. Make statements about the hack and admit they were being ridiculous and announce their ETF approval. It’s done, it’s over.