When Will the Bitcoin ETF Be Approved?

Adekunle Joshua

The cryptocurrency market is abuzz with anticipation for the upcoming Bitcoin halving and the potential approval of the spot Bitcoin ETF next year

According to Senior ETF analyst Eric Balchunas, there is a 90% probability of ETF approval by January 10

This stance has been maintained for months, predating its widespread attention

The Bitcoin price has been maintaining a tight range around $37,000

However, some indicators suggest a potential drop below $35,000 ahead of the ETF approval

Balchunas suggests that ETFs are likely to be approved, given the extensive involvement of numerous people.