Bloomberg ETF Analyst: Bitcoin Spot ETF Rejection Still Possible in January

Bloomberg ETF analyst Eric Balchunas said that while he and ETF analyst James Seyffart still believe there is a 90% chance that the Bitcoin spot ETF will be approved before January 10, they have not raised the possibility beyond this number. While unlikely, it’s likely that the spot Bitcoin ETF’s rejection this month was because the SEC wanted “more time,” rather than an outright rejection. Because the time and effort invested by the SEC and Bitcoin ETF issuers means that a Bitcoin ETF is unlikely to be rejected outright at the last minute. If the SEC refuses, fund issuers may follow Grayscale's lead and file separate lawsuits against regulators. (Cointelegraph)