According to BlockBeats, Bloomberg senior ETF analyst Eric Balchunas wrote, "My analyst James Seyffart and I have raised the probability of a Bitcoin spot trading platform exchange-traded fund (ETF) launching this year to 75% (increasing to 95% by the end of 2024)."
Elliott Z. Stein, senior litigation analyst at Bloomberg, said, "While we had factored Grayscale's victory into our previous 65% probability forecast, the consistency and decisiveness of this ruling exceeded expectations, leaving the SEC with very little room for maneuver in this regard."
