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Valkyrie CIO predicts US #Bitcoin  spot ETF to be approved by 2024
#BitcoinETF 

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U.S. Spot Bitcoin ETF Odds Rise to 65% In mid-June, Blackrock, the world's largest asset manager, filed its application for a spot bitcoin ETF, and shortly after, several other contenders followed suit. On August 2, 2023, Bloomberg ETF analysts James Seyffart and Eric Balchunas publicly shared their insights on the potential approval of a spot bitcoin ETF by the SEC. Seyffart posted on the social media platform X, stating that together with Eric Balchunas, they officially increased the likelihood of spot bitcoin ETF approval to 65%. He mentioned that just a few weeks ago, the probability was at 50%, and a few months ago, it was only 1%. Now, it stands at 65%. This development could be a sign of a good future for Bitcoin.

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