Cryptocurrency News Today TheBitTimes.com

In a recent episode of The Scoop podcast, Bloomberg Intelligence analysts James Seyffart and Eric Balchunas predict a high likelihood of the SEC approving a series of spot Bitcoin ETFs between Jan. 5-10. Seyffart and Balchunas’s prediction aligns with the final deadline for the ARK and 21Shares application, initially filed in April, preceding other major players like BlackRock in June in a competitive field of 12 firms. Seyffart speculates that the Securities and Exchange Commission (SEC) has been strategically delaying decisions, possibly to align multiple approvals simultaneously. This approach would prevent any single firm from gaining an unfair advantage. Seyffart warns that if the SEC were to deny these applications, it would represent a significant shift in its approach, akin to “going nuclear.” BREAKING SEC holds another meeting with BlackRock to discuss its Spot #Bitcoin ETF. As per Bloomberg Intelligence analyst James Seyffart, the window for approval o...

Bitcoin reached the $36,780 mark as analysts say the SEC has entered a window to approve all the current applications for spot Bitcoin ETFs. Although the crypto market expects the U.S. Securities and Exchange Commission (SEC) to approve multiple spot Bitcoin exchange-traded funds (ETFs) by Jan. 10, 2024, there’s still a possibility the watchdog might do it even earlier. New Research note from me today . We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals . But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants *COULD* occur pic.twitter.com/u6dBva1ytD — James Seyffart (@JSeyff) November 8, 2023 In an X post on Nov. 8, Bloomberg Intelligence Research James Seyffart noted that the SEC has entered a brief eight-day window to approve all 12 spot Bitcoin ETFs, including the one submitted by Grayscale Investments. Bitcoin price | Source: crypto.news Amid the news, Bitcoin price surged by 5%, s...