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 “sell the news” event.
Others, however – including former NYSE president President Tom Farley – believe money will “flood into the industry once an ETF is approved.
