Analyst Predicts BlackRock’s Bitcoin ETF Has a 50% Chance of Approval

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According to Bloomberg senior ETF analyst Eric Balchunas, investment management firm BlackRock has a 50% chance of getting its Bitcoin Exchange Traded Fund (ETF) approved by the Securities and Exchange Commission (SEC). This prediction comes as Grayscale’s chances of winning its case against the SEC are pegged at 70%. Balchunas suggests that the SEC may be more inclined to approve BlackRock’s ETF as a way to “save face” by allowing an ETF from a trusted traditional finance firm. The decision on Grayscale’s case is expected to be reached by August. Several other major financial institutions, including JPMorgan, Morgan Stanley, and Goldman Sachs, are also awaiting SEC approval for their Bitcoin ETF applications, which could expose the digital asset market to firms with a combined $27 trillion in assets under management.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

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