Bitcoin ETF Will be Approved Between 8-10th of January: Analysts Predict

Investor and analyst, Fred Krueger made an important statement regarding Bitcoin ETFs on his X page (formerly Twitter). He started by referencing a video of Bloomberg analyst James Seyffart talking about reasons why he is bullish on the ETF approval happening on January 10. A few notable reasons included, the rollercoaster of meetings the SEC is having with the issuers of the ETF, the Grayscale lawsuit, and the involvement of the world’s top asset manager, Blackrock.

Fred Krueger went further, talking about how heavily the SEC is engaging with applicants, saying it's likely that the SEC could come out a week after Christmas to break the ice, approving the ETF. Fred stated with more confidence that he believes the SEC would approve a Bitcoin ETF on Monday, the 8th of January, or the 10th of January which is the deadline for a Bitcoin ETF decision.

Fred also talked about when the Bitcoin ETF would start trading, he claimed that based on statements from the Bloomberg analyst James Seyffart, these ETFs would start trading within a week or 1 month after the approval.

“Price action tends to create more price action, so if the Bitcoin ETF is successful and Bitcoin Price goes up, more people are going to want to get into Bitcoin ETF and that will force more money into Bitcoin”, Fred said as he tried to hint that the price of bitcoin will rally massively with the news of an approval of a Bitcoin ETF.

Fred Krueger’s prediction is just another positive sentiment to add to the excitement surrounding a Bitcoin ETF in the crypto community, Bitcoin price stands around the  $42,000 to $42,200  level at the time of writing this.