Bitcoin spot ETF news depends on these three people: analysts and journalists dominate the latest ETF news
Since 2023, the main focus of the cryptocurrency market news has been around the progress of "application, amendment, and approval" for Bitcoin spot ETF after Blackrock announced its intention to apply. However, these updates do not originate from the actual participants, the "applicant companies," and the "SEC," but rather from three key individuals.
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Bitcoin Spot ETF News: Following Three Key Figures
Bloomberg ETF Senior Analyst Eric Balchunas
Eric Balchunas is perhaps the most well-known Twitter figure for ETF progress updates and analysis, extensively interpreting Bitcoin spot ETF documents and predictions over the past six months, often expressing optimism for SEC approval.
Eric Balchunas, a veteran of over 24 years at Bloomberg, currently writes research, articles, and special reports on ETFs for Bloomberg Terminal and Bloomberg.com. He also hosts "Exchange-Traded Friday" to discuss different ETFs and how investors can utilize them.
Prior to joining the ETF team, Eric was in charge of public relations at Bloomberg. Before joining Bloomberg in 2000, Eric was a reporter for "Institutional Investor" magazine. Eric holds bachelor's degrees in journalism and environmental economics from Rutgers University.
Bloomberg ETF Research Analyst James Seyffart
James Seyffart shares similar information to Eric Balchunas and his analysis is often endorsed and retweeted by Eric Balchunas.
Having spent 10 years at Bloomberg, James Seyffart has always been an analyst, covering areas such as corporate bonds, hedge funds, mutual funds, ETFs, among others. He currently serves as an ETF analyst and includes cryptocurrencies in his Twitter bio.
Fox Reporter Eleanor Terrett
Eleanor Terrett has published numerous news pieces related to digital assets, Bitcoin, and cryptocurrency ETFs on Fox Business, establishing herself as a professional journalist in the traditional media space for cryptocurrency-related information.
During this period, Fox Business has provided predictions from sources, recently claiming BlackRock expects approval on 1/10, a report that originated from the media outlet.
Will Things Go as Planned?
All three individuals provide the public with more insights into Bitcoin spot ETFs, reporting on the ETF cash model and incorporating various analysts' comments.
Decoding ETFs | How does the ETF cash model preferred by the SEC differ from BlackRock's physical Bitcoin ETF?
All three individuals are quite optimistic about ETF approval, believing there is no reason for it not to pass at present; they are highly praised by the crypto community media and extensively cited.
Relatively speaking, there are fewer opinions expressing a lack of approval, at most expecting delays rather than rejections. For example, analysts from Matrixport predicted that approval in January is unlikely; Matrixport Incident: Wu Jihan's consecutive tweets clarify the blame for the crash doesn't fall on Matrixport, and KOL Aylo also believes that the "Sell the news" for Bitcoin will not come with the "ETF approval," but will instead see a significant drop when the actual product launches, likely in the first quarter.
As for whether it will pass on 1/10, James Seyffort mentioned that the SEC has issued supplemental comments on the recently submitted S-1 document, so he expects to see more amended documents tomorrow, but he does not see this as a signal of delay.