January 10th might mark a historic milestone as the SEC is expected to make its final decision on the spot Bitcoin ETF between 00:00 and 02:00 TSİ. The potential approval date coincides with the 15th anniversary of Hal Finney’s “Running Bitcoin” tweet, adding to the anticipation.
Everyone is eager to find out whether spot Bitcoin ETFs will start trading on U.S. exchanges this Thursday. Gabor Gurbacs of VanEck suggests the timing is not coincidental, indicating the decision will be announced between 16:00 and 18:00 ET.
Analysts like Balchunas speculate that the ETFs might face another delay due to a recent SEC X account hack, although this possibility diminishes as time progresses. The final step before the announcement is the “ETF Listing Acceptance” by the exchanges.
Bitcoin remains about 51% below its all-time high, yet institutional appetite is strong, with CoinShares reporting a $151 million inflow in the first week of 2024. Market experts who previously saw the potential BTC ETF approval as a “buy the rumor, sell the news” event are now convinced by the recent market downturn that a significant shift is underway.
Standard Chartered predicts a rise to $200,000 by late 2025 if ETFs are approved, while many experts, emboldened by the halving year, are voicing six-figure price targets. Firms like Valkyrie, WisdomTree, BlackRock, VanEck, Invesco, Galaxy, Grayscale, ARK Invest, 21Shares, Fidelity, Bitwise, and Franklin Templeton are fully prepared for the official announcement and subsequent evaluations on the COINTURK YouTube channel.
