Incoming ETF Approval
Given the timing of pending comment periods and approval deadlines of rival applicants, Seyffart and other analysts expect a simultaneous approval of multiple Bitcoin spot ETFs between January 5 and January 10.
Bitcoin derivatives markets are looking bearish ahead of that approval date, suggesting that many believe the ETF approval will be a âsell the newsâ event.
Others, however â including former NYSE president President Tom Farley â believe money will âflood into the industry once an ETF is approved.