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The excitement surrounding the possible approval of Bitcoin exchange-traded funds (ETFs) in the United States has reached a peak. Analyst James Seyffart from Bloomberg recently provided insights into the upcoming decisions by the U.S. Securities and Exchange Commission (SEC) concerning Bitcoin spot ETF applications submitted by Hashdex and Franklin on Nov. 17 and Global X ETF on Nov. 21.

As per James Seyffart, a well-known analyst at Bloomberg, a crucial decision moment is imminent as the SEC is poised to decide the fate of three spot Bitcoin ETF applications. Despite expecting potential delays, Seyffart remains positive, asserting a 90% likelihood of approval before Jan. 10, 2024. In a tweet, he addressed the potential delays from the SEC, emphasizing that such delays would not change the 90% odds for approval.

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