Bloomberg analysts show clear signs of support for Bitcoin spot ETF, no objections

Eric Balchunas, a Bloomberg ETF analyst who often shares the progress of Bitcoin spot ETFs, responded to the market plunge caused by speculation about "SEC rejection."

ETF Analyst Asks Matrixport Researcher Source

Regarding the SEC’s speculation about rejecting ETFs, Eric Balchunas said that people marked me a lot on this “rejection” report. He noted that we have seen no sign of anything other than approval. Eric Balchunas also asked if there was a source for this claim, or if it was just speculation. However, author Markus Thielen did not respond to Eric Balchunas' inquiry before deadline.

Eric Balchunas said that the author seems to be optimistic about Bitcoin, but he does not know why he suddenly reversed his position.

SEC is still meeting with issuers to make adjustments

Reporter Eleanor Terrett also said that the SEC is still meeting with several stock exchange giants today to discuss the documents submitted by these spot ETF issuers. .

Bitcoin once touched 40K

This news was pushed at 18:54 yesterday evening, and it began to fall sharply since then, once touching 40750 after 8pm. Before the deadline, it had converged to 42431.

Bitcoin Contract Long Liquidation

According to records at 20:14 yesterday evening, the exchange liquidation amount reached US$378 million, 95% of which was long liquidation. The scale of Bitcoin contract liquidation The largest, close to $100 million.

What did Matrixport say?

In fact, Matrixport did not say that the Bitcoin spot ETF will not be approved, but that it will not be approved in January, and believes that it will not be approved until the second quarter of 2024.

In addition, KOL Aylo also believes that there will be a big drop in Q1, but it will not happen when the ETF is approved, but when the ETF is officially launched.

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