Bloomberg analyst Eric Balchunas stated that there may be important developments regarding spot Bitcoin exchange-traded fund (ETF) applications next week.
Eric Balchunas highlights the spot Bitcoin ETF process in the statements found. SEC filings in response to a post discussing ETFs January 11 Thursday The experienced name, stating that he intends to prepare for the date, stated that the current S-1 files Monday, January 8 He predicted that it could be given on the date.
Balchunas, who shared his positive expectations regarding ETF approval, on the other hand, has not yet received approval from the regulatory body. an official statement He pointed out that the situation was not coming and that the uncertainty continued:
Yep basically done. Last I heard from multiple sources, the SEC is trying to prepare everyone for January 11th. Updated S-1s are expected to be delivered at 8 a.m. Monday. However, I’d still like to hear from the SEC before this becomes official.
Balchunas stated in his recent statements that spot Bitcoin ETF approvals 90% probably January 15 He stated that he would arrive by date.