The final deadline the SEC has for either approving or denying that listing is January 10, 2024, with multiple earlier deadlines extended coming up before that, according to Bloomberg Intelligence.
50-50 odds of approval
Notably, Bloomberg’s own team of ETF analysts now estimate that the odds a spot Bitcoin ETF will be approved by the SEC is 50-50. “The SEC has denied such proposals for years, but its recent call for more details signals a greater willingness to engage with applicants,” wrote Bloomberg Intelligence ETF analyst James Seyffart in a recent update.
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The final deadline the SEC has for either approving or denying that listing is January 10, 2024, with multiple earlier deadlines extended coming up before that, according to Bloomberg Intelligence.
50-50 odds of approval
Notably, Bloomberg’s own team of ETF analysts now estimate that the odds a spot Bitcoin ETF will be approved by the SEC is 50-50.
“The SEC has denied such proposals for years, but its recent call for more details signals a greater willingness to engage with applicants,” wrote Bloomberg Intelligence ETF analyst James Seyffart in a recent update.
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