Bsatoshi news, on December 16, Bloomberg ETF analyst James Seyffart reiterated in an interview on The Scoop podcast that he believes that a Bitcoin spot ETF is likely to be approved before January 10 next year. It is reported that Seyffart has believed since October this year that the probability of approval before January 10 next year is 90%. Because at this point Ark and 21Shares’ ETF applications (which were first filed in April, ahead of BlackRock) have hit their final deadlines. The SEC has been strategically delaying its efforts to schedule the various filings, or at least approve some at the same time, so as not to give one company a first-mover advantage. However, Grayscale’s ETF application is currently different from others and may not be approved at the same time.

Regarding issues related to Ethereum spot ETFs, Seyffart said that Ethereum is completely different from Bitcoin. The SEC may emphasize the difference between Ethereum’s current PoS and Bitcoin’s PoW. If the SEC wants to stop this approval process, it may Defer decisions or assert that Ethereum is a security. But Seyffart believes that the SEC has implicitly accepted Ethereum’s positioning as a commodity, so he believes that an Ethereum spot ETF is ultimately “more likely” to be approved before the end of May. #BTC #etf #ORDI