{"id":9504,"date":"2024-01-08T14:46:37","date_gmt":"2024-01-08T14:46:37","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9504"},"modified":"2024-01-08T14:46:37","modified_gmt":"2024-01-08T14:46:37","slug":"bitcoin-etf-approval-estimated-rate-increased-to-90","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etf-approval-estimated-rate-increased-to-90\/","title":{"rendered":"Bitcoin ETF Approval Estimated Rate Increased to 90%!"},"content":{"rendered":"<div>With increasing expectations for the approval of a spot Bitcoin ETF in the markets, it has been announced through Bloomberg that the approval rate for a Bitcoin ETF has surpassed 90%.<\/div>\n<div><\/div>\n<div>You may notice:\u00a0<em><strong><a href=\"https:\/\/coinengineer.net\/blog\/grayscale-updated-bitcoin-etf-application\/\">Grayscale Updated Bitcoin ETF Application!<\/a><\/strong><\/em><\/div>\n<div><\/div>\n<div>Two renowned analysts within Bloomberg revealed that the likelihood of approval for a spot Bitcoin exchange-traded fund (ETF) in the United States has risen to over 90% ahead of the Securities and Exchange Commission (SEC) decision.<\/div>\n<div><\/div>\n<div>Bloomberg ETF analyst Eric Balchunas addressed the possibility of the SEC rejecting the proposals after the updates on Friday. Balchunas mentioned on Saturday that this likelihood could be around 5%. He referred to the November estimates, stating that the approval rate was predicted to be 90%, and the recent updates to the applications indicated positive progress.<\/div>\n<div><\/div>\n<div>All eyes in the cryptocurrency market are on the expected announcement of the first spot Bitcoin ETF approval by the SEC this week. This news makes Bitcoin one of the most closely watched catalysts in its history.<\/div>\n<div><\/div>\n<div>More than a dozen applicants hope to launch the first spot Bitcoin ETFs in the United States. On Friday, companies like BlackRock, Grayscale, Fidelity, and other applicants updated their applications, redirecting attention towards the SEC.<\/div>\n<div><\/div>\n<div>\n<hr \/>\n<div>\n<div class=\"content\" tabindex=\"0\">\n<div class=\"ac-container ac-adaptiveCard\">\n<div class=\"ac-textBlock\">\n<div>\n<div>\n<div>\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a> and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>With increasing expectations for the approval of a spot Bitcoin ETF in the markets, it has been announced through Bloomberg that the approval rate for a Bitcoin ETF has surpassed 90%. You may notice:\u00a0Grayscale Updated Bitcoin ETF Application! Two renowned analysts within Bloomberg revealed that the likelihood of approval for a spot Bitcoin exchange-traded fund<\/p>\n","protected":false},"author":13,"featured_media":9505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[534,3519,297,1096,1101],"class_list":["post-9504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin-etf","tag-bitcoin-etf-approval-estimated-rate-increased-to-90","tag-etf","tag-grayscale","tag-grayscale-bitcoin-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin ETF Approval Estimated Rate Increased to 90%! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"While expectations for ETF approval are increasing, the ETF approval rate has exceeded 90 percent, according to the statement made on Bloomberg.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-approval-estimated-rate-increased-to-90\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETF Approval Estimated Rate Increased to 90%! 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