tl;dr
:Senior ETF analyst Eric Balchunas from Bloomberg has confidently declared that Bitcoin spot ETFs are a confirmed reality. He noted that the U.S. SEC is working to align everything for a January 11 launch. However, there are contrasting views within the crypto community, suggesting that the SEC may ...
Senior ETF analyst Eric Balchunas from Bloomberg has confidently declared that Bitcoin spot ETFs are a confirmed reality. He noted that the U.S. SEC is working to align everything for a January 11 launch. However, there are contrasting views within the crypto community, suggesting that the SEC may not approve the Bitcoin spot ETF this month.
Eric Balchunas, a senior ETF analyst at Bloomberg, has boldly asserted that exchange-traded funds (ETFs) investing directly in Bitcoin are a confirmed reality. In a recent comment on X, Balchunas mentioned that applications for Bitcoin spot ETFs with the U.S. SEC have progressed to the final stages.
Supported by insights from various inside sources, the ETF analyst affirmed that the crypto spot ETF is essentially completed. Furthermore, Balchunas noted that the final form S-1 registration statements are expected by 8 am on Monday, U.S. time, as the SEC is working to align everything for a January 11 launch. Despite this, he emphasized the importance of obtaining confirmation from the SEC to validate the development officially.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.