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The anticipation surrounding the potential approval of Bitcoin exchange-traded funds (ETFs) in the United States has surged. Bloomberg analyst James Seyffart recently shed light on the upcoming decisions by the U.S. Securities and Exchange Commission (SEC) regarding Bitcoin spot ETF applications submitted by Hashdex and Franklin on Nov. 17, and Global X ETF on Nov. 21.

 

According to Seyffart, a pivotal moment is on the horizon as the SEC gears up to determine the fate of three spot Bitcoin ETF applications. Despite acknowledging the possibility of delays, Seyffart maintains an optimistic stance, expressing a 90% chance of approval before Jan. 10, 2024. In a tweet, he addressed potential SEC delays, underlining that such setbacks would not alter the 90% likelihood of approval.

 

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