GBTC - Spot Bitcoin ETF Approval: Only 39% Of Experts Expect SEC Greenlight In 2024 Bitwise Survey Reveals | Benzinga
In a recent survey, only 39% of financial advisors expressed confidence that the U.S. Securities and Exchange Commission (SEC) will approve the spot Bitcoin ETF in 2024.
What Happened: According to a study by Bitwise and VettaFi, there is a lack of optimism among financial advisors regarding the SEC’s approval of the spot Bitcoin ETF in 2024.
Several financial firms, including BlackRock, Inc. (NYSE:BLK), VanEck and Valkyrie Investments, are awaiting the SEC’s decision on their spot ETF applications for Bitcoin, scheduled for Jan. 10.
Despite Bloomberg ETF analysts' 90% approval probability, the survey shows that less than half of the advisors agree. However, 88% view approval as a significant trigger and are postponing Bitcoin purchases until the ETF gets the green ...