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.
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.
