• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Is the Next Bitcoin Black Swan Lurking Around the Corner?

2025-07-05

What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

2025-07-04

What Is Liquid Staking? How It Works & Why It Matters in Crypto

2025-07-04

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    2025-07-04

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    2025-07-04

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    2025-07-02

    A Full Comparison of Layer 2 Solutions

    2025-07-02

    What are Optimistic Rollups? How They Work and Why They Matter

    2025-07-01
  • Videos

    Is the Next Bitcoin Black Swan Lurking Around the Corner?

    2025-07-05

    How To Get Rekt Buying Bitcoin Treasury Companies

    2025-07-03

    No More Bitcoin Left For YOU!!!

    2025-07-03

    🔥 Bitcoin Bereikt Nieuwe Hoogtepunten en wordt geoptimaliseert met deze Layer 2 Presale!!!

    2025-07-02

    Bitcoin To $1M? Here’s WHY!

    2025-07-02
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»Bloomberg Analyst Predicts Likelihood Of A Spot Bitcoin ETF By January 2024
Bitcoin

Bloomberg Analyst Predicts Likelihood Of A Spot Bitcoin ETF By January 2024

2023-10-14No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Following notable changes to the ARK 21Shares Spot Bitcoin ETF application, Bloomberg ETF analysts James Seyffart and Eric Balchunas have predicted that the US Securities and Exchange Commission (SEC) could approve a fund as early as next year.  

90% Chance Of Approval

In a post shared on his X (formerly Twitter) platform, Seyffart highlighted his team’s prediction of the 90% chance that a Spot Bitcoin ETF will be approved by Ark Invest’s January 10 deadline. January 10 is the day the SEC is expected to make a final decision (approval or denial) on ARK Invest’s Spot Bitcoin ETF application. 

Their latest prediction comes amid the recent amendment ARK Invest and 21Shares made to their Spot Bitcoin ETF prospectus. These updates include further context to the fund and additional risk disclosures. These analysts believe that this sort of amendment only happens when a fund is on its way to being approved. 

These Bloomberg analysts had earlier predicted (following Grayscale’s victory) that there was a 75% chance that the pending Spot Bitcoin ETF applications could be approved this year and that the odds would rise to 95% by the end of next year if these funds weren’t approved by then. 

Eric Balchunas noted on his X platform that Invesco Galaxy had also amended its Spot Bitcoin ETF prospectus following the ARK 21Shares amendment. He stated that he expects other applicants to update their applications soon. This suggests that the SEC could approve all applications simultaneously, similar to what it did with the Ethereum futures ETFs.

Bitcoin price chart from Tradingview.com (Spot bitcoin ETF)

BTC price looking weak | Source: BTCUSD on Tradingview.com

Spot Bitcoin ETFs Given Huge Boost Following SEC’s Decision

Meanwhile, these Spot Bitcoin ETF applications were given a huge boost following the SEC’s decision not to appeal the court’s ruling in its case against Grayscale. The SEC had until October 13 to appeal the Court of Appeal’s ruling that it had acted arbitrarily and capriciously in disapproving Grayscale’s application to convert its GBTC fund into a Spot Bitcoin ETF.

See also  MicroStrategy's $4.6 Billion Bitcoin Bet Pays Off, Here's How Much It's Worth Now

Following its decision not to file an en banc application or appeal to the Supreme Court, Reuters reported that the appeals court is expected to issue a mandate laying out how the SEC could carry out its order, including the Commission reviewing Grayscale’s application again. 

James Seyffart also noted that dialogue between Grayscale and SEC should begin next week. However, it remains uncertain if or when the SEC will approve these applications, especially considering that it has delayed its decision on all Spot Bitcoin ETFs till next year.

Bitcoin has reacted positively to the news of the SEC’s decision not to file an appeal, currently trading at around $26,849.76, up in the last twenty-four hours, according to data from CoinMarketCap. 

Featured image from Forbes, chart from Tradingview.com

Analyst Bitcoin Bloomberg ETF January likelihood Predicts Spot
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Is the Next Bitcoin Black Swan Lurking Around the Corner?

2025-07-05

How To Get Rekt Buying Bitcoin Treasury Companies

2025-07-03

No More Bitcoin Left For YOU!!!

2025-07-03

🔥 Bitcoin Bereikt Nieuwe Hoogtepunten en wordt geoptimaliseert met deze Layer 2 Presale!!!

2025-07-02
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

Mad Lads NFTs Hit All-Time High as Backpack Taps FTX Lawyer for Exchange Launch

2023-11-13

Following the recent news that the Solana-based NFT wallet app Backpack will launch a cryptocurrency…

Regulation

Nigeria intensifies probe into Binance with court-ordered data disclosure

2024-03-18

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge,…

Analysis

Bitcoin profitable on 86% of days, yet just 61% of holders are in profit

2023-08-24

Since August 2010, there have been only 677 days in which you could have bought…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Is the Next Bitcoin Black Swan Lurking Around the Corner?

2025-07-05

What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

2025-07-04

What Is Liquid Staking? How It Works & Why It Matters in Crypto

2025-07-04

How To Get Rekt Buying Bitcoin Treasury Companies

2025-07-03
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 108,857.17
ethereum
Ethereum (ETH) $ 2,558.33
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.27
bnb
BNB (BNB) $ 662.02
solana
Solana (SOL) $ 151.59
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.285351
dogecoin
Dogecoin (DOGE) $ 0.170637
staked-ether
Lido Staked Ether (STETH) $ 2,556.15
bitcoin
Bitcoin (BTC) $ 108,857.17
ethereum
Ethereum (ETH) $ 2,558.33
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.27
bnb
BNB (BNB) $ 662.02
solana
Solana (SOL) $ 151.59
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.285351
dogecoin
Dogecoin (DOGE) $ 0.170637
staked-ether
Lido Staked Ether (STETH) $ 2,556.15