Bloomberg ETF analysts James Seyffart and Eric Balchunas posted a research note on Nov. 8 suggesting that an upcoming 8-day window opening on Nov. 9 may see approvals from the SEC for several proposed spot Bitcoin ETFs.
he possibility of upcoming spot Bitcoin ETF approvals.
That tweet reads:
“New Research note from me today. We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals. But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants *COULD* occur.”
Seyffat commented further on the note on Twitter, stating that the current window for all 12 applications ends on Nov. 17. However, he said that the SEC could make a decision on nine of the 12 ETF applications over the next two months.
The fact that an approval window has opened does not guarantee that the U.S. Securities and Exchange Commission will approve the pending applications. The SEC has not made any statement suggesting that it will approve the applications.