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

Bitcoin and Crypto ROCKED By Unexpected Fued

2025-06-05

What Is Crypto Staking? How to Earn Crypto by Holding It

2025-06-05

ELON vs TRUMP: Will Bitcoin Be the Winner?

2025-06-05

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 Crypto Staking? How to Earn Crypto by Holding It

    2025-06-05

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    2025-06-05

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    2025-06-02

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    2025-05-30

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    2025-05-26
  • Videos

    Bitcoin and Crypto ROCKED By Unexpected Fued

    2025-06-05

    ELON vs TRUMP: Will Bitcoin Be the Winner?

    2025-06-05

    ⚡️ Welcome to the Thunder Drone: Autonomy Era Begins 🤖

    2025-06-05

    The U.S. Government Is SEIZING YOUR Bitcoin!

    2025-06-05

    Trump Draining The Swamp?

    2025-06-05
  • 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  Why Bitcoin Keeps Crashing

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

Bitcoin and Crypto ROCKED By Unexpected Fued

2025-06-05

ELON vs TRUMP: Will Bitcoin Be the Winner?

2025-06-05

The U.S. Government Is SEIZING YOUR Bitcoin!

2025-06-05

Bitcoin Buy Signals Are Flashing Green

2025-06-05
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

Bitcoin Has NEVER Done This Before (Very BULLISH)

2024-07-10

Today, let’s discuss Bitcoin what it’s about to do for the first time in history.…

Analysis

$105,000,000 in BTC Abruptly Moved to Exchanges by Key Stakeholders As Price Stays Above $30,000: Glassnode

2023-07-05

Miners moved $105 million worth of Bitcoin (BTC) onto exchanges as the top crypto reclaimed…

Altcoins

Dogecoin Price Prediction: DOGE Price to Hit $1 If This Happens

2023-10-14

In recent market trends, Dogecoin (DOGE) may be on the cusp of initiating a new…

Subscribe to Updates

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

Editors Picks

Bitcoin and Crypto ROCKED By Unexpected Fued

2025-06-05

What Is Crypto Staking? How to Earn Crypto by Holding It

2025-06-05

ELON vs TRUMP: Will Bitcoin Be the Winner?

2025-06-05

Coinbase data breach spills offline as victims get scam mail

2025-06-05
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) $ 106,348.49
ethereum
Ethereum (ETH) $ 2,529.14
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.28
bnb
BNB (BNB) $ 653.41
solana
Solana (SOL) $ 152.98
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.185305
tron
TRON (TRX) $ 0.284094
cardano
Cardano (ADA) $ 0.67174
bitcoin
Bitcoin (BTC) $ 106,348.49
ethereum
Ethereum (ETH) $ 2,529.14
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.28
bnb
BNB (BNB) $ 653.41
solana
Solana (SOL) $ 152.98
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.185305
tron
TRON (TRX) $ 0.284094
cardano
Cardano (ADA) $ 0.67174