Bloomberg ETF Analyst: There is still a small probability that the Bitcoin spot ETF will be rejected in January this year

Bloomberg ETF analyst Eric Balchunas said that although he and ETF analyst James Seyffart still believe that the possibility of a Bitcoin spot ETF being approved before January 10 is 90%, they have not raised this possibility above that number.Although the possibility of rejection is small, if a Bitcoin spot ETF is rejected this month, it is likely because the SEC wants "more time" rather than rejecting it outright. Because the time and effort invested by the SEC and Bitcoin ETF issuers means that a Bitcoin ETF is unlikely to 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.