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ETF analyst Eric Balchunas, in an interview with Cointelegraph, stated that although he and ETF analyst James Seyffart still believe there is a 90% chance of approval for a Bitcoin spot ETF before January 10th, they have not raised this probability beyond that figure. While the likelihood is small, if a spot Bitcoin ETF is rejected this month, it is likely because the SEC wants "more time" rather than an outright refusal. The time and effort invested by both the SEC and Bitcoin ETF issuers suggest that a last-minute complete rejection of the Bitcoin ETF is unlikely. If the SEC rejects the proposal, the fund issuer may follow in the footsteps of Grayscale and file a separate lawsuit against the regulatory authorities. |
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