📈 Bloomberg ETF experts predict 75% odds of launching Spot Bitcoin ETF in 2023:

- Eric Balchunas and James Seyffart, two Bloomberg ETF analysts, predict there is a 75% chance that the US will have a spot Bitcoin ETF by the end of 2023, after Grayscale's victory before the Securities and Exchange Commission and United States Exchange (SEC).

- The SEC has approved futures-based Bitcoin ETF applications, but has not approved any spot Bitcoin ETF applications.

- Grayscale's victory over the SEC increased the confidence of Balchunas and Seyffart, causing them to raise their prediction rate to 75%.

- However, experts say that the SEC may delay a decision on a Bitcoin ETF to trade immediately after the recent court ruling.

🔍 Applications for an exchange-traded Bitcoin ETF are awaiting an SEC decision in early September, including applications from Bitwise, BlackRock, WisdomTree, Invesco, and VanECK.