ETF Approval Priced In? Not Until BTC Sees $90K, Says One Analyst

Coin Edition
Coin Edition

30 Nov 2023 2:50 PM

X user Plan B, the creator of the Bitcoin Stock to Flow model, juxtaposes Bitcoin’s current price with the putative near-certainty of a spot ETF being approved soon....

  • Plan B questions the discrepancy between the anticipated 90% approval odds for a spot Bitcoin ETF and Bitcoin's current value.
  • Plan B raises the question to Eric Balchunas, a senior ETF analyst at Bloomberg.
  • Balchunas argues that the odds of a spot Bitcoin ETF being approved by Jan 10 are 90%.
  • Plan B suggests that if the odds are high and the ETF is approved, Bitcoin's price should be $90k today, but it is not.

The article highlights a discrepancy between the anticipated approval odds for a spot Bitcoin ETF and Bitcoin's current value. Plan B questions this misalignment, while Balchunas maintains a 90% approval prediction. The sentiment is one of curiosity and speculation.

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You May Ask

What is the discrepancy being questioned by Plan B?Who is Eric Balchunas and what is his stance on the approval odds?What is the potential impact of an approved spot Bitcoin ETF?Why is Bitcoin's current price lower than the hypothetical $90k mark proposed by Plan B?Are the ETFs already priced in, or is there still uncertainty?

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