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Bloomberg Analysts: Spot Bitcoin ETFs Now Have 75% Odds of Launching This Year

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Today, Bloomberg ETF analysts Eric Balchunas and James Seyffart raised their odds of a spot Bitcoin ETF approval by the SEC to 75% by the end of this year, and 95% by the end of 2024.

“The chances of the SEC approving spot Bitcoin ETFs this year have risen from 75% from 65% following Grayscale’s court win, we believe, while the odds by the end of 2024 reach 95%,” said the analysts. “The judges unanimously repudiated the SECs arguments, and the agency will struggle to justify further denials as it faces deadlines, negative PR and HashDex’s novel approach.” 

Yesterday, the DC Circuit court of appeals vacated the SEC’s denial of Grayscale’s $GBTC conversion into a spot Bitcoin ETF. While this did not result in GBTC automatically being converted to a spot Bitcoin ETF, this victory was a big step towards the approval of one in the future. 

 “The appeals court found the SEC to be arbitrary and capricious in its denial oder of GBTC’s conversion into an ETF and vacated the decision,” the analysts continued. “The written opinion from Judge Neomi Rao repudiated virtually every argument made by the SEC when comparing the Bitcoin spot and futures markets.” 

A SEC decision on multiple spot Bitcoin ETFs is due by the end of this week, with many believing the applications will be further delayed as these so close to the Grayscale court outcome that just happened. Although, Balchunas said he’s “not sure timelines will matter as much in this situation,” and that what is more likely is that eventually the SEC will give in and approve an imminent launch. 

James Seyffart

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Dems FURIOUS as Congress Passes SAVE Act: ILLEGAL ALIENS CAN’T VOTE ANYMORE? – SF 405

Go to https://tryfum.com/RUSSELLBRAND or scan the QR code and use code RUSSELLBRAND to get your free FÜM Base when you order your Journey Pack today.
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What’s been happening today? George Clooney SLAMS Joe Biden and calls for a replacement, US Congress passed the SAVE act with huge opposite from the Democrats which will require voters to show proof of US citizenship, and NATO summit members mindlessly clap at increasing the prospect of WW3 by sending fighter jets to Ukraine. What’s going on behind it all? Remember to subscribe!
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Go to https://tryfum.com/RUSSELLBRAND or scan the QR code and use code RUSSELLBRAND to get your free FÜM Base when you order your Journey Pack today.

Order today at http://twc.health/BRAND use the code BRAND for 10% off + FREE SHIPPING

⏰ BE HERE AT 12PM ET / 5PM BST ⏰

What’s been happening today? George Clooney SLAMS Joe Biden and calls for a replacement, US Congress passed the SAVE act with huge opposite from the Democrats which will require voters to show proof of US citizenship, and NATO summit members mindlessly clap at increasing the prospect of WW3 by sending fighter jets to Ukraine. What’s going on behind it all? Remember to subscribe!

Check out social medias and more – https://linktr.ee/RussellBrand

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Thr 11Jul24 David Knight Show UNABRIDGED

Full description with topics by timecode to followFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente’s prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show–5282736/support.

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Full description with topics by timecode to follow

Find out more about the show and where you can watch it at TheDavidKnightShow.com

If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show

Or you can send a donation through
Mail: David Knight POB 994 Kodak, TN 37764
Zelle: @DavidKnightShow@protonmail.com
Cash App at: $davidknightshow
BTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7

Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silver

For 10% off Gerald Celente’s prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT

Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show–5282736/support.

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DISASTER For Joe! Establishment ready to DUMP Biden | NATO wants WAR! – SF 404

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With Zelensky recently asking “what’s the issue with involving NATO countries in the war?’”, the US pledging more air defence systems to a Ukraine, and Hungarian Prime Minister Viktor Orban claiming the west can’t achieve peace without talking to BOTH sides, we are entering concerning times. How will this war end and will it be with Trump’s diplomacy? I’ll be discussing all that and much more on the podcast! Remember to subscribe for daily shows!
 
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Visit http://bunkr.life or download BUNKR from the AppStore, PlayStore using Promo Code BRAND to get 25% off.

 

⏰ BE HERE AT 12PM ET / 5PM BST ⏰

With Zelensky recently asking “what’s the issue with involving NATO countries in the war?’”, the US pledging more air defence systems to a Ukraine, and Hungarian Prime Minister Viktor Orban claiming the west can’t achieve peace without talking to BOTH sides, we are entering concerning times. How will this war end and will it be with Trump’s diplomacy? I’ll be discussing all that and much more on the podcast! Remember to subscribe for daily shows!

 

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