Bloomberg ETF analyst Eric Balchunas says while it’s unlikely, there’s still a slim chance that the SEC could hand down the “rug pull of a decade.”
While the chances are slim, a spot Bitcoin exchange-traded fund (ETF) being rejected this month will most likely be due to the Securities and Exchange Commission wanting “more time” rather than a flat-out rejection, says Bloomberg ETF analyst Eric Balchunas.
Speaking to Cointelegraph, Balchunas says while he and fellow ETF analyst James Seyffart continue to peg a 90% chance of approval by Jan. 10, they haven’t raised the odds past the number largely due to this concern.
“We haven’t gone further than 90% because of the possibility [...] I don't think that we're going to see a full-out denial,” said Balchunas, noting that the 10% chance includes both scenarios.
