Bloomberg analyst Eric Balchunas commented on the “spot Bitcoin ETF may be rejected” report presented by Matrixport.
research firm Matrixport January 3 In the report published today, he stated that spot Bitcoin exchange traded fund (ETF) applications may not be approved in January. Triggered by this report, sharp declines were observed in the cryptocurrency market.
About subject in sharing Experienced name found Eric Balchunascould not hide his surprise at this report. ETF rejection is not impossible The analyst stated, however 90% discourses to be presented against the expectation of approval such as need solid justifications he stated.
Matrixport analyst publicly “Do you have any evidence?asking the question ” Balchunas emphasized that the person who wrote this report was also someone who was bullish on Bitcoin, but he did not understand why he was embarking on such a thing now:
People are labeling me as crazy about this “rejection” report. We haven’t heard anything beyond the possibility of confirmation, but I ask the guy if he has any sources or if he’s just speculating so as not to raise suspicion. The person who wrote the report appears to be a Bitcoin bull. On the other hand, “administrators” who recently tweeted on that front said that approval was likely. I don’t understand why he changed his mind now.
About subject in the statement Another Bloomberg analyst James Seyffart He highlighted that Matrixport played a double game by publishing both a spot Bitcoin ETF approvable and a rejectable report in a short time.
Seyffart said sarcastically:They can’t be wrong anymore, genius” he stated.