Eric Balchunas, a leading ETF analyst at Bloomberg, assures that exchange-traded funds (ETFs) investing directly in Bitcoin will soon become a reality. In his post on social network X, he indicated that the process of approving applications for spot Bitcoin ETFs has reached the final phase at the U.S. Securities and Exchange Commission (SEC), based on information from several reliable sources.
Balchunas suggests that the final statement of registration on Form S-1 will be filed on January 8 at 8:00 AM Eastern Time, ahead of the SEC's planned launch on January 11.
His assertion is based on the fact that last Friday, SEC staff approved the latest version of the ETF documents without any obstacles, hinting at their compliance with commission standards. This information is confirmed by four anonymous sources familiar with the process.
However, some members of the crypto community believe that the approval of spot Bitcoin ETFs will not lead to an immediate increase in Bitcoin's price, expecting significant price growth only six months after their introduction.
