Community Divides Over Debate on Friday’s ETF Approval: Report

• Bloomberg analyst James Seyffart dismissed rumors regarding the SEC’s Bitcoin ETF approval on Friday.
• The analyst asserts that the regulators will issue the approvals only next week.
• Fox Business reporter remained skeptical about the immediate approval of the Bitcoin ETFs.

James Seyffart, a senior ETF analyst at Bloomberg, reiterated his beliefs on the U.S. Securities and Exchange Commission’s (SEC) approval of the Bitcoin ETFs in the upcoming week, dismissing rumors about its approval this week.

Reinforcing his previous predictions, Seyffart asserted that the SEC is expected to give the approvals on January 8-10.

The crypto community has been anticipating ETF approvals by the end of this week, while multiple sources predicted the SEC’s significant move on Friday. For instance, TechCrunch reporter Jacquelyn Melinek shared an X post stating that multiple firms’ ETF applications would be approved on Friday.

However, prominent journalists like Eleanor Terrett and James Seyffart held the opposite view, asserting that the ETF approvals cannot be expected this week. In his recent post, Seyffart cited:

Lot of noise about tomorrow. Sticking to this. I’m not expecting official bitcoin ETF approval orders tomorrow. Still expecting them January 8th-10th.

Fox Business Reporter Eleanor Terrett commented that the regulators are more likely to issue approvals by next Tuesday or Wednesday as their works are still pending. She said, “While the SEC is surely unpredictable, it would surprise me if approvals were to happen tomorrow.”  

Corroborating Terrett’s words, Seyffart commented, “My view is in line with Eleanor Terrett’s reporting.” Repeating that the regulators would begin signaling ETF approvals only by the next week, he added that the gap between approval orders and trading would be counted in weeks and not in days.