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Experts are now considering a capacity window for the approval of Spot Bitcoin exchange-traded funds (ETFs), setting the time frame in between January 5 and 10, 2024.
Previous due date of November 17 by experts passed with no noticeable action from the Securities and Exchange Commission (SEC).
Due date for Hashdex and Franklin Templeton ETF Around Jan 5– 8
James Seyffart, an ETF expert from Bloomberg Intelligence, clarified this upgraded timeline, determining the due date for Hashdex and Franklin Templeton around January 5-8.
This lines up with the wider window of January 5-10, where approval for all twelve area BTC ETF filings might possibly emerge.
This modified timeline quashes any sticking around wish for a December approval, with current SEC advancements pressing the chances to the year 2024.
Seyffart and associate Eric Balchunas keep their forecast of a 90% probability of approval by January 10.
Okay the window for prospective area #Bitcoin ETF approval is appearing like its gon na be in between Jan 5 & & Jan 10 2024. I talked to @thomasg_grizzle & & @ScottW_Grizzle today and nailed this call. https://t.co/sOU950QlXj pic.twitter.com/y9JYdEpjNH
— James Seyffart (@JSeyff) November 30,
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