This is a week of possible definitions for spot bitcoin (BTC) ETFs in the United States. The U.S. Securities and Exchange Commission (SEC) must decide, by Friday at the latest, whether to approve or reject ETF applications submitted by the companies Hashdex and Franklin Templeton. It also has the possibility to delay the decision and postpone it until a new deadline, which would be in January 2024.

According to James Seyffart, an ETF specialist at research and investment firm Bloomberg Intelligence, there's a good chance that the latter option will be chosen by the stock market regulator. "I want to get ahead of myself, because there's a good chance we'll see delay orders from the SEC," the analyst wrote on his X account.

Regardless, Seyffart remains optimistic that there is still a 90% chance that bitcoin ETFs (or, at least, some of them), will be approved no later than Jan. 10 next year.