James Seyffart, an ETF research analyst at Bloomberg Intelligence, predicted that the US Securities and Exchange Commission (SEC) could take a concrete step towards approving spot Bitcoin ETFs during the potential period from today until November 21. However, he also stated that there is a 90% chance that the SEC will approve several ETF applications before their final decision dates. “They Won’t Be Too Favorable to the King” Speaking on the Paul Barron Network YouTube channel, Seyffart said that instead of approving a single application to avoid giving an advantage to one of the 12 companies competing for the first spot ETF approval in the US, the SEC would prefer to approve multiple applications simultaneously. The post SEC May Take a Concrete Step Towards Approval of Spot Bitcoin ETFs appeared first on COINTURK NEWS.
