In October 2023, Bloomberg analysts Eric Balchunas and James Seyffart predicted that a Bitcoin spot ETF would have a 90% probability of approval before January 10th. However, on January 6th, Eric Balchunas mentioned through his X that the possibility of rejection for the Bitcoin spot ETF is only 5%. This represents a 5% increase from the October 2023 approval probability forecast, now standing at 95%.
Meanwhile, according to Fox Business, BlackRock expects the approval of a Bitcoin spot ETF by the U.S. Securities and Exchange Commission (SEC) on Wednesday, January 10th.
