Bloomberg ETF analysts James Seyffart and Eric Balchunas predict that the US Securities and Exchange Commission (SEC) could approve a Spot Bitcoin ETF as early as next year. They estimate a 90% chance of approval by January 10, which is the deadline for the SEC’s decision on ARK Invest’s application. This prediction comes after ARK Invest and 21Shares made amendments to their ETF prospectus, indicating a potential approval. The analysts previously predicted a 75% chance of approval this year, increasing to 95% by the end of next year if not approved by then. Invesco Galaxy also amended its prospectus, suggesting that other applicants may follow suit. The SEC’s decision not to appeal the court’s ruling in the Grayscale case further boosted the chances of Spot Bitcoin ETF approval. Bitcoin reacted positively to this news, currently trading at around $26,849.76. The SEC’s decision on all Spot Bitcoin ETFs has been delayed until next year.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	positive
Relevance Score	1
People	Eric Balchunas, James Seyffart
Companies	CoinMarketCap, 21Shares, Invesco Galaxy, Supreme Court, Ethereum futures ETFs, Bloomberg, ARK Invest, US Securities and Exchange Commission (SEC), Grayscale
Currencies	Bitcoin
Securities	None