Bloomberg ETF analyst: There is still a small probability of Bitcoin spot ETF being rejected in January.

BlockBeats news reported on January 3rd that Eric Balchunas, an ETF analyst at Bloomberg, stated in an interview with Cointelegraph that he and ETF analyst James Seyffart still believe that the likelihood of a Bitcoin spot ETF being approved before January 10th is 90%, but they have not raised this possibility beyond that number. Although the possibility is small, if a spot Bitcoin ETF is rejected this month, it is likely because the SEC wants "more time," rather than rejecting it outright. This is because the time and effort invested by the SEC and Bitcoin ETF issuers means that it is unlikely that a Bitcoin ETF will be completely rejected at the last minute. If the SEC rejects it, the fund issuer may follow in the footsteps of Grayscale and file a separate lawsuit against the regulatory agency.