The SEC is likely to issue a delay order on three spot Bitcoin ETF applications, and the delay will not change approval expectations

Bloomberg analyst James Seyffart stated on X platform that we are approaching the deadline for three Bitcoin ETF applications for spot trading. It is highly likely that we will see a delay order from the US Securities and Exchange Commission (SEC), but the delay will not change our views, and there is a 90% chance that 19b-4 will be approved before January 10, 2024.