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Bitcoin-Spot ETF Optimism a Much-Needed Tailwind
Investor optimism toward the SEC approving BTC-spot ETFs delivered positive gains for BTC and the broader market. Bloomberg Intelligence ETF Analyst James Seyffart recently raised the chances of a crypto-spot ETF approval. Seyffart put the probability of the SEC approving the Ark BTC-spot ETF application at 90%. The deadline for a decision is January 10, 2024. Seyffart attributed the 90% chance of approval to recent updates to the Bitcoin Spot ETF prospectus, which added at least five pages of new content. Notably, Seyffart believes the new content signaled “a constructive conversation with the SEC – a step that ... (full story)