Bitcoin Spot ETF News Relies on These Three Individuals: Analysts and Journalists Dominate Latest ETF Updates
Since BlackRock announced its intention to apply for a Bitcoin futures ETF in mid-2023, the focus of the cryptocurrency market news has been on the progress of “application, modification, and approval”. However, these reports do not come from the actual participants, the “applicant companies” and the “SEC”, but from three key figures.
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Bitcoin Futures ETF News: Three People are Enough to Follow
Bloomberg ETF Senior Analyst, Eric Balchunas
Bloomberg ETF Research Analyst, James Seyffart
Fox reporter, Eleanor Terrett
Will things go as planned?
Eric Balchunas
As one of the most prominent Twitter figures who provide updates and analysis on ETF progress, Eric Balchunas has extensively interpreted and predicted the Bitcoin futures ETF documents in the past six months. He often expresses optimism about the SEC’s approval.
Eric Balchunas is a veteran who has worked at Bloomberg for over 24 years. He currently writes research, articles, and special reports on ETFs for Bloomberg Terminal and Bloomberg.com. He also participates in “Exchange-Traded Friday”, discussing different ETFs and how investors can utilize them.
( Twitter account )
James Seyffart
The content he publishes is similar to Eric Balchunas, and his analysis is often endorsed and retweeted by Eric Balchunas.
James Seyffart has spent 10 years at Bloomberg, always in an analyst position, researching corporate bonds, hedge funds, mutual funds, ETFs, and more. He is currently dedicated to analyzing ETFs and his Twitter bio also includes cryptocurrencies.
( Twitter account )
Eleanor Terrett
She has published numerous news articles related to digital assets, Bitcoin, and cryptocurrency ETFs on Fox TV, and is a professional journalist in the traditional media covering cryptocurrency-related information.
During this period, Fox TV has provided predictions from insiders, including recent reports claiming that BlackRock is expected to be approved on January 10th. These reports are also from this media outlet.
( Twitter account )
These three individuals have contributed to increasing public understanding of the Bitcoin futures ETF. For example, Chain News has reported on the ETF’s cash mode and has quoted many analysts’ comments.
( Explaining the difference between ETF and SEC’s preferred ETF cash mode and BlackRock’s Bitcoin physical ETF )
The common point among the three is that they are very optimistic about the approval of the ETF and believe that there is no reason for it not to be approved at the moment. They are highly praised by the cryptocurrency media and are extensively quoted.
In contrast, there are fewer expressions of opinions that it will not be approved, at most, there may be delays but not rejections. For example, Matrixport analysts who predicted that it would not be approved in January (Matrixport event cheat sheet | Wu Ji Han’s series of tweets clarifying: Matrixport is not to blame for the market crash) and KOL Aylo also believe that Bitcoin will experience a significant drop not when the ETF is approved, but when the actual trading begins, which will likely happen in the first quarter.
As for whether it can pass on January 10th, James Seyffart mentioned that the SEC has already made supplementary comments on the recently submitted S-1 document. Therefore, he expects to see more amended documents tomorrow, but he does not see this as a signal of delay.
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Further reading:
Bitcoin ETF and ETP | Circle: If approved in the US, it will surpass a bunch of Bitcoin investment products in the EU
BlackRock layoffs of 3%: Is the motivation behind the development of a Bitcoin ETF related to the political backlash caused by ESG?
