Digital Chamber CEO Highlights Bitcoin Spot ETF Delay Signal, Bloomberg Analyst Disagrees 🚨📉

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The United States Securities and Exchange Commission (SEC) has raised concerns about a potential delay in the approval process for spot Bitcoin ETFs, according to recently amended S-1 filings, as commented on by Perianne Boring, the CEO of Digital Chamber.

1. Perianne Boring's Perspective:

Perianne Boring sees the SEC's return of comments on the S-1 filings as a delay tactic, potentially affecting community sentiment. This comes amid heightened expectations for spot Bitcoin ETF approvals.

2. Bitcoin's Current Status:

Bitcoin is currently trading at $46,831, marking a 6.64% increase in the past 24 hours. The market cap has also risen to $916.6 billion, inching closer to the $1 trillion milestone, with a significant 76% surge in trade volume to $41.47 billion.

3. Dissenting Views:

Despite Perianne's assumption, Bloomberg Senior ETF Analyst James Seyffart disagrees, stating that the SEC's comments are part of the ordinary process, and more amendments are expected. He sees this as a positive sign and not necessarily a delay signal.

4. Unusual Same-Day Response:

James Seyffart highlights the rarity of receiving a same-day response from the SEC, emphasizing the significance of ongoing communication in the approval process.

5. SEC's Stance Unchanged:

Fox Business Journalist Eleanor Terrett reports that, according to sources, the SEC has not indicated any change in plans. Sources express confidence that the comments are part of the procedural steps leading up to the January 10th vote.

6. Spot Bitcoin ETF Approval Odds:

Despite the confidence expressed, experts still project at least a 5% chance of a spot Bitcoin ETF denial, adding suspense to the unfolding events.

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