Bloomberg Analysts Share Their New Predictions for Spot Bitcoin ETFs! When Will SEC Approval Come?

Last night, the SEC postponed the decision date on spot Bitcoin ETF applications of Franklin Templeton and Hashdex companies.

Evaluating the SEC’s ETF postponement decisions, Bloomberg analysts argued that these postponements may have been made to approve all pending applications at once.

At this point, Bloomberg analyst James Seyffart stated that the SEC acted too early to postpone the decision date for Franklin’s spot Bitcoin ETF and as a result, no further decision is expected from the SEC.

Seyffart also noted that Franklin is the only company that has not filed an S-1 update for its spot Bitcoin ETF application.

Stating that a postponement decision was subsequently made for Hashdex, the analyst stated that these postponements could be preparation for a mass approval wave in early January.

“Finally, this delay in the decision date for Hashdex confirms, in my view, that there is likely a move to potentially grant approval for every spot Bitcoin ETF application by the January 10, 2024 decision deadline.”

Another Bloomberg analyst, Eric Balchunas, agrees with Seffart. Because Balchunas also said that Scott Johnson, who quoted Seyffart’s post, was right and agreed with his comment.

“The SEC may have chosen to issue a delay early in order to approve everyone’s spot ETF applications at the same time and ensure that the ETF comment period ends before January 10,” Johnson said, quoting James Seyffart’s post. said.

Balchunas also reacted to Franklin’s S-1 update months later, saying that he was in favor of launching all ETFs at the same time, but that it seemed a bit unfair that Franklin was allowed to launch its ETF on the same day as other providers despite submitting its S-1 form months later.

*This is not investment advice.

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Source: https://en.bitcoinsistemi.com/bloomberg-analysts-share-their-new-predictions-for-spot-bitcoin-etfs-when-will-sec-approval-come/