SEC’s spot Bitcoin ETFWhile there continues to be optimism that the James Seyffart, Bloomberg Intelligence ETF research analystNew statements came from.
Speaking to the YouTube channel Paul Barron Network James Seyffart, He predicted that the SEC could make a decision on spot Bitcoin ETFs pending approval between November 8, that is, today and November 21.
Seyffart also said he has a 90 percent chance of approving a number of spot ETF applications pending decision before the deadlines.
At this point, Bloomberg analyst is among the 12 companies waiting for the SEC’s first spot ETF approval in the USA. “avoid giving first approval advantage” He believes that instead of approving a single application for ETF, he can approve the application of more than one company for ETF.
Seyfartt also announced that the SEC will have a spot market by the end of 2023. Bitcoin He reiterated that the probability of his ETF being approved is 75% and underlined that more than one ETF approval may come at the same time.
“We think the SEC will try to approve most, if not all, on the same day. They will not play the royalist rather than the king.
Seyffart pointed out that the final decision date for the ARK 21Shares Bitcoin ETF, which is under evaluation before the SEC, is January 10, 2024. “I think it is unlikely that the SEC will delay the ARK application until January 10 and then approve all other ETF applications in March 2024. Therefore, I think the SEC may approve its pending ETFs in November or December 2023.” said.
Finally, touching on the storage methods that Bitcoin ETF provider companies can use, Seyffart said that companies are interested in crypto storage. coinbase And Gemini He said he could choose companies like.
*This is not investment advice.
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