There remains a small chance of refusal to launch spot Bitcoin ETFs
1 dakikaAccording to Eric Balchunas, the failure rate is about 10%. This may happen if the regulator needs more time to agree on various operating conditions for cryptocurrency funds. As a reminder, a final decision on several applications for spot Bitcoin ETFs is due between January 8 and January 10.
“I would say that if we don't see ETFs like this in the next couple of weeks, it's a matter of the SEC needing more time, not a fundamental refusal. But still, with a 90% probability, the regulator will approve the launch of the corresponding funds,” the analyst noted.
Balchunas recalled that the regulator, together with representatives of various companies, made a lot of efforts to agree on the conditions for the launch of cryptocurrency ETFs. This suggests that the regulator’s leadership is morally ready for such funds; only formalities remain.
Let us recall that earlier the participants in the “ETF race” finalized and submitted to the SEC the final versions of their applications for spot Bitcoin funds and are now awaiting the final decision of the regulator.