Spot Bitcoin ETFs Could Be Rejected If SEC Wants “More Time” – Analyst

Bloomberg ETFs analyst Eric Balchunas said while It is unlikely, There is always A thin chance that THE SECOND could hand down THE "carpet to pull of A decade. »

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While THE odds are thin, A place Bitcoin exchange traded funds (ETF) be rejected This month will most likely be due has THE Securities And Exchange Commission to want "more time" instead that A thoroughly rejection, said Bloomberg ETFs analyst Eric Balchunas.

Speaking has Cointelegraph, Balchunas said while he And companion ETFs analyst James Seyffart continue has ankle A 90% chance of approval by Jan. ten, they do not have raised THE odds pass THE number largely due has This concern.

"I would be say if We don't do it see he In THE following two weeks, It is more because they need more time."

"We do not have disappeared further that 90% because of THE possibility [...] I don't do it think that were going has see A thoroughly denial," said Balchunas, noting that THE ten% chance understand both scenarios.

New Research note Since Me Today. We always believe 90% chance by Jan ten For place #Bitcoin ETFs approvals. But if he come earlier We are enter A window Or A wave of approval orders For all THE current candidates *COULD BE ABLE* occur pic.twitter.com/u6dBva1ytD

— James Seyffart (@JSeyff) November 8, 2023

However, Balchunas said THE Rising of time And effort put In by THE SECOND And Bitcoin ETFs transmitters means It is unlikely that A Bitcoin ETFs would be be rejected downright has THE last moment.

"This would be be THE carpet to pull of THE decade."

"Everyone put In A plot of work In This, especially finished...