SEC Rumored to Announce “Timing of Approval” for Bitcoin Spot ETF by the End of November, Bloomberg Analyst Warns of Potential Misinformation

Cryptocurrency investor Mike Alfred posted on X (formerly Twitter) on the 6th day, claiming that the Securities and Exchange Commission (SEC) intentionally leaked the approval date of the Bitcoin spot ETF before Thanksgiving (end of November). However, Bloomberg ETF analyst stated that this information is unconfirmed and misleading, reminding investors to exercise caution in discerning. Market investors are currently closely watching when the Bitcoin spot ETF will be approved by the SEC. This week, a cryptocurrency investor named Mike Alfred posted on X, claiming that the SEC will intentionally leak the approval date of the Bitcoin spot ETF before Thanksgiving. Although this information may make cryptocurrency investors feel that the Bitcoin spot ETF is getting closer, several community netizens requested the source of the news, but did not receive a response. According to CoinGape, Bloomberg’s senior ETF analyst Eric Balchunas also issued a warning regarding this information, stating that the term “breaking” in the article is misleading, and this information has not been confirmed by Bloomberg or other authoritative media, so the value of this information should not be easily believed. Balchunas’s warning is valuable, after all, last month, due to the false information released by the well-known media in the industry, Cointelegraph, stating that “the SEC has approved the Bitcoin spot ETF iShares Bitcoin Trust of the asset management giant BlackRock,” the market experienced violent fluctuations in prices, and the tragic situation of both long and short positions being liquidated is still vivid… Read more: Bitcoin ETF Passed the Wrong Door》FOMO Whale “Cut Losses” and Lost 50,000 Pounds in 10 Minutes, Cointelegraph’s Internal Dialogue Exposed. When will the Bitcoin spot ETF pass? Although the market’s expectations for the landing of the Bitcoin spot ETF are optimistic, the SEC has already postponed the approval resolution of 7 Bitcoin spot ETF proposals, including BlackRock and Bitwise, in early October. Currently, the next key time point for the SEC to respond falls around January 2024, which is when the next progress will be made. Although we cannot rule out the possibility of the SEC approving the ETF in advance, based on the attitude of the SEC and its chairman Gary Gensler, it is likely that they will not announce the results in advance or give any institution an important advantage in being the first to launch. Related reports: BlackRock’s Bitcoin spot ETF is rumored to have negotiated with well-known market makers such as Jane Street and Jump, knocking on the door of BTC at 35,000. Approval will ignite the bull market! Companies applying for “Bitcoin spot ETF” have total assets exceeding 15 trillion US dollars. Bitcoin spot ETF statistics: Canada leads 8 countries! Analyst: SEC’s decision will inject $155 billion into the market. Tags: BTC, ETF, ETF approval, Bitcoin, Bitcoin spot ETF.