Galaxy Digital CEO: Expects the US SEC to approve a Bitcoin ETF for spot trading by January 10th.

BlockBeats reported on December 20th that Mike Novogratz, founder of Galaxy Digital, stated that "the US Securities and Exchange Commission (SEC) is expected to approve a spot Bitcoin ETF by January 10, 2024. This is the last deadline before SEC Chairman Gary Gensler is embroiled in a lawsuit with Grayscale, so I think we will see this news announced before then. Trading may then begin in six to eight weeks." K33 Research members also expressed their expectations for approval. In a report on December 18th, K33 senior analyst Vetle Lunde and Vice President Anders Helseth wrote that the latest updates in the ETF applicant's documents suggest that approval is likely to occur "in the next three weeks." In addition, they describe the approval date as "certain." The January 10th deadline seems to have originated from Bloomberg ETF analysts Eric Balchunas and James Seyffart. In October, these two Bloomberg analysts predicted a 90% probability of approving a spot Bitcoin ETF before that date.