Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Codexfield bundles forces with LoveBit to stimulate ESG Innovation in Web3 & Crypto

2025-05-14

Bitcoin Whale moves $ 206 million because BTC holds above $ 100k

2025-05-14

Dogecoin (Doge) is higher for the next leg – will the resistance plan break?

2025-05-14
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Codexfield bundles forces with LoveBit to stimulate ESG Innovation in Web3 & Crypto

    2025-05-14

    SFT protocol joins Glacier Labs to bridge physical and data infrastructure

    2025-05-14

    Dantewada secures more than 700,000 land records on avalanche blockchain

    2025-05-14

    Brave Wallet is expanding support with Cardano -Integration

    2025-05-13

    Bridge bridge bridge with the real world

    2025-05-13
  • NFT

    Bidding starts at Ross Ulbricht’s pre-judgment and prison thinking of the fact that he is starting a new chapter

    2025-05-14

    Why this Facebook group places the news on NFTS

    2025-05-13

    Mey Network launches real estate NFTs to invest real estate in the chain

    2025-05-13

    Animoca Brands plans our mention to record ‘unique moment’ of Trump administration: FT

    2025-05-13

    Donald Trump Jr. Splashes rumors about ‘Truth Social’ -Memecoin

    2025-05-13
  • 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 Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Dogecoin (Doge) is higher for the next leg – will the resistance plan break?

    2025-05-14

    21Shares says that Solana is on Tempo Linchpin of digital finances

    2025-05-14

    Analyst sees crypto repeating dot-com bubble, predicts meetings for XRP and one Solana Challenger

    2025-05-14

    XRP short-term movements remain uncertain, but 4-hour graph shows strength

    2025-05-13

    Crypto -Liquidity lags behind traditional finances despite the profit of market efficiency – S&P Global

    2025-05-13
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bloomberg Analyst Lowers Bitcoin Spot ETF Rejection Chance to 5%
Bitcoin

Bloomberg Analyst Lowers Bitcoin Spot ETF Rejection Chance to 5%

2024-01-07No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Popular Bloomberg ETF analyst Eric Balchunas has lowered the possibility that the US Securities and Exchange Commission (SEC) would deny the launch of the Bitcoin spot ETF to 5%. This latest prediction comes as crypto enthusiasts around the world anticipate a wholesale approval of several Bitcoin spot ETF proposals by the SEC on Wednesday, January 10.

Why Bitcoin Spot ETF Approval Looks Almost Certain: Bloomberg Analysts Weigh In

In October, Eric Balchunas and fellow Bloomberg analyst James Seyffart predicted that there is a 90% chance that ARK Invest and 21 stocks would receive approval for their joint Bitcoin spot ETF offering on January 10, marking the final deadline for the SEC’s response to their filing.

However, in a recent one X message on January 6, Balchunas increased the probability of this green light to an astonishing 95%, after stating that there was only a 5% chance that the SEC would reject the ARK/21 ETF offer in the coming days.

Well said, although I’ll probably go with 5% at this point. But you have to leave a little window open for these things.

— Eric Balchunas (@EricBalchunas) January 6, 2024

This new prediction is based on the improbability of all scenarios, which could represent a possible delay or non-approval of the ARK/21 shares Bitcoin spot ETF application. In an earlier X post on January 6, James Seyffart had listed these scenarios, starting with ARK/21 stock spontaneously withdrawing its ETF proposal from the SEC, which he said was highly unlikely.

Another scenario is that the SEC discovers new reasons to reject the launch of a cryptospot ETF, resulting in a protracted lawsuit between the US regulator and ARK/21Shares, a situation that Seyffart says the SEC would prefer to avoid, especially after the recent loud legal loss against grayscale investments.

See also  "Savers Are Losers", Invest in Bitcoin Says Rich Dad Poor Dad Author Robert Kiyosaki

The final event that, according to the Bloomberg analyst, could prevent the approval of the bid for the ARK/21 Shares ETF is a direct intervention by the US Presidency, another scenario that seems even remotely possible.

The D-Day is approaching

The significance of ARK/21 Shares’ joint bid into the Bitcoin spot ETF saga revolves around the final deadline for an SEC response, the first of all. It is now believed that the SEC will prefer to approve multiple Bitcoin spot ETF applications at once, regardless of their respective deadlines, in the same way it did with Ether futures ETFs in August.

This belief is supported by the discussions between the US regulator and several applicants in recent weeks, leading to changes in the respective proposals, hinting at the preparation of an upcoming approval.

At the time of writing, the set forecast date remains January 10, with crypto enthusiasts very excited about the potential bullish effects of a spot ETF on Bitcoin’s price over the year. Meanwhile, Bitcoin continues to trade at $44,050 after rising 4.50% over the past week.

BTC trading at $44,038.02 on the daily chart | Source: BTCUSDT chart on Tradingview.com

Featured image from iStock, chart from Tradingview

Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.



Source link

See also  Bitcoin: $48 Million Short Liquidations and Extreme Greed – Is There a Plunge Coming?
Analyst Bitcoin Bloomberg chance ETF lowers Rejection Spot
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Whale moves $ 206 million because BTC holds above $ 100k

2025-05-14

Key Bitcoin -indicator flashes again – will BTC gather to new highlights?

2025-05-14

New Bitcoin buyers are driving BTC more than $ 100k – but this hidden risk remains

2025-05-14

Nasdaq company Plant $ 300 million crypto bet on Bitcoin and Trump Memecoin

2025-05-14
Add A Comment

Comments are closed.

Top Posts

Bitcoin Price and Stablecoin Inflows – Should the Latter’s Downtrend Worry Now?

2025-01-19

SOL, SHIB, XLM and other tokens are now supported by this AI-powered wallet

2023-11-29

Tokenovate to transform carbon credits with blockchain

2024-10-14
Editors Picks

Ethereum Price Lacks Momentum, But ETH Holders Are Safe: Here’s Why

2023-07-12

The Minister of Economy of El Salvador says that Bitcoin Accumulation expresses an ‘important project’ despite IMF deal: report

2025-05-01

Ethereum price just reversed and $1,920 is just around the corner, here’s why

2023-06-21

LayerZero Labs Launches Colortrace, Onchain Attribution Solution

2023-11-16
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Codexfield bundles forces with LoveBit to stimulate ESG Innovation in Web3 & Crypto

Bitcoin Whale moves $ 206 million because BTC holds above $ 100k

Dogecoin (Doge) is higher for the next leg – will the resistance plan break?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

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

  • bitcoinBitcoin(BTC)$104,006.060.13%
  • ethereumEthereum(ETH)$2,621.593.84%
  • rippleXRP(XRP)$2.622.81%
  • tetherTether USDt(USDT)$1.00-0.03%
  • solanaSolana(SOL)$181.053.56%
  • binancecoinBNB(BNB)$656.390.40%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2374103.01%
  • cardanoCardano(ADA)$0.832.68%
  • tronTRON(TRX)$0.2751553.82%
  • suiSui(SUI)$3.94-1.29%
  • chainlinkChainlink(LINK)$17.072.01%
  • avalanche-2Avalanche(AVAX)$25.804.87%
  • stellarStellar(XLM)$0.3125880.64%
  • shiba-inuShiba Inu(SHIB)$0.0000162.26%
  • hedera-hashgraphHedera(HBAR)$0.210255-0.43%
  • piPi(PI)$1.218.90%
  • hyperliquidHyperliquid(HYPE)$25.570.33%
  • the-open-networkToncoin(TON)$3.341.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.802.39%
  • bitcoin-cashBitcoin Cash(BCH)$408.341.48%
  • polkadotPolkadot(DOT)$5.101.64%
  • litecoinLitecoin(LTC)$102.62-0.44%
  • moneroMonero(XMR)$341.08-0.24%
  • pepePepe(PEPE)$0.0000140.48%
  • bitget-tokenBitget Token(BGB)$4.791.49%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.74-1.10%
  • bittensorBittensor(TAO)$457.80-0.57%
  • nearNEAR Protocol(NEAR)$3.130.51%
  • aptosAptos(APT)$5.932.35%
  • aaveAave(AAVE)$231.034.92%
  • okbOKB(OKB)$55.011.47%
  • kaspaKaspa(KAS)$0.1227110.98%
  • ondo-financeOndo(ONDO)$1.01-1.23%
  • internet-computerInternet Computer(ICP)$5.792.04%
  • ethereum-classicEthereum Classic(ETC)$20.162.17%
  • render-tokenRender(RENDER)$5.313.54%
  • crypto-com-chainCronos(CRO)$0.1025252.47%
  • gatechain-tokenGateToken(GT)$22.050.88%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.514.43%
  • vechainVeChain(VET)$0.0314243.27%
  • mantleMantle(MNT)$0.801.82%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2563181.52%
  • ethenaEthena(ENA)$0.4231478.74%
  • usd1World Liberty Financial USD(USD1)$1.00-0.12%
  • filecoinFilecoin(FIL)$3.152.47%
  • algorandAlgorand(ALGO)$0.2441352.44%
  • arbitrumArbitrum(ARB)$0.4369881.88%
  • bitcoinBitcoin(BTC)$104,006.060.13%
  • ethereumEthereum(ETH)$2,621.593.84%
  • rippleXRP(XRP)$2.622.81%
  • tetherTether USDt(USDT)$1.00-0.03%
  • solanaSolana(SOL)$181.053.56%
  • binancecoinBNB(BNB)$656.390.40%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2374103.01%
  • cardanoCardano(ADA)$0.832.68%
  • tronTRON(TRX)$0.2751553.82%
  • suiSui(SUI)$3.94-1.29%
  • chainlinkChainlink(LINK)$17.072.01%
  • avalanche-2Avalanche(AVAX)$25.804.87%
  • stellarStellar(XLM)$0.3125880.64%
  • shiba-inuShiba Inu(SHIB)$0.0000162.26%
  • hedera-hashgraphHedera(HBAR)$0.210255-0.43%
  • piPi(PI)$1.218.90%
  • hyperliquidHyperliquid(HYPE)$25.570.33%
  • the-open-networkToncoin(TON)$3.341.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.802.39%
  • bitcoin-cashBitcoin Cash(BCH)$408.341.48%
  • polkadotPolkadot(DOT)$5.101.64%
  • litecoinLitecoin(LTC)$102.62-0.44%
  • moneroMonero(XMR)$341.08-0.24%
  • pepePepe(PEPE)$0.0000140.48%
  • bitget-tokenBitget Token(BGB)$4.791.49%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.74-1.10%
  • bittensorBittensor(TAO)$457.80-0.57%
  • nearNEAR Protocol(NEAR)$3.130.51%
  • aptosAptos(APT)$5.932.35%
  • aaveAave(AAVE)$231.034.92%
  • okbOKB(OKB)$55.011.47%
  • kaspaKaspa(KAS)$0.1227110.98%
  • ondo-financeOndo(ONDO)$1.01-1.23%
  • internet-computerInternet Computer(ICP)$5.792.04%
  • ethereum-classicEthereum Classic(ETC)$20.162.17%
  • render-tokenRender(RENDER)$5.313.54%
  • crypto-com-chainCronos(CRO)$0.1025252.47%
  • gatechain-tokenGateToken(GT)$22.050.88%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.514.43%
  • vechainVeChain(VET)$0.0314243.27%
  • mantleMantle(MNT)$0.801.82%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2563181.52%
  • ethenaEthena(ENA)$0.4231478.74%
  • usd1World Liberty Financial USD(USD1)$1.00-0.12%
  • filecoinFilecoin(FIL)$3.152.47%
  • algorandAlgorand(ALGO)$0.2441352.44%
  • arbitrumArbitrum(ARB)$0.4369881.88%