The odds of the SEC rejecting spot Bitcoin ETFs have dropped from 10% to 5%, according to a Bloomberg analyst.
According to Bloomberg’s senior ETF analyst Eric Balchunas, the SEC will close spot Bitcoin ETF applications. 95% chance will accept.
Another Bloomberg analyst, James Seyffart, thinks it is unlikely that the SEC will reject the applications by producing new justifications or re-litigation.
A court in the US ruled that the SEC was unfair to reject Grayscale’s application for a spot Bitcoin ETF.
According to Seyffart, it is not likely that the Biden administration will be directly involved in the incident and prevent the applications.
Journalist Laura Shin also said that the rejection of ETFs after all these processes is important for the SEC. bad image He said he would draw it.