Bitcoin ETF Launch Probability: Bloomberg Analysts!

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Author: Mustafa Mulla Aug 30, 2023 20: 52

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Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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According to Bloomberg’s senior ETF analysts Eric Balchunas and James Seyffart, the chances of a Bitcoin spot ETF launching have increased to 75% this year and 95% by the end of 2024. This is due to the consistency and decisiveness of Grayscale’s judgments, which exceeded expectations. As a result, the SEC has very little room for adjustment in this regard, which has led to optimistic predictions about the possibility of a Bitcoin ETF becoming a reality. This news is likely to be welcome to those who have been waiting for the SEC to finally approve such a product.

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