Analysts Say SEC ‘Will Decide on All Bitcoin ETFs at the Same Time,’ Announce the Earliest Date

The cryptocurrency market is buzzing with anticipation as experts report that a spot Bitcoin exchange-traded fund (ETF) is likely to be approved by the U.S. Securities and Exchange Commission (SEC).

Amid this enthusiasm, Bitcoin has experienced a rally, with its value increasing by almost 40% in the past month.

ETC Group CEO Tim Bevan believes that the SEC will take time to make decisions due to its investigations. It expects the regulator to decide simultaneously on the large number of applications it is currently reviewing. “So we think we could see approval in January at the earliest,” Bevan said.

Vivian Fang, a finance professor at Indiana University, agreed, noting that the timing and nature of any decision is ultimately up to the SEC. He personally believes that a decision could be made this year, a view that appears to be reflected in recent crypto price movements.