Bloomberg stock analyst James Seifart stated that the U.S. Securities and Exchange Commission (SEC) may permit trading options on spot Bitcoin ETFs in the second half of February.

According to the expert, the approval of these instruments could occur between February 15th and September 21st, 2024.

On January 11th, the SEC approved all 11 applications for spot Bitcoin ETFs. Within the first four days, their total trading volume exceeded $11 billion.

Discussions have arisen in the crypto community about potential exchange-traded funds (ETFs) based on the spot price of Ethereum, but analysts have expressed doubts regarding the swift approval of such instruments.

It's worth noting that Grayscale's CEO, Michael Sonnenshein, predicts the failure of most Bitcoin ETFs and claims that only "two or three ETFs, perhaps, will achieve some significant popularity."