The Latest Breaking News from Eric Balchunas

Bloomberg Intelligence ETF analysts predict that there is a 90% likelihood that the U.S. Securities and Exchange Commission will approve the much-awaited spot Bitcoin ETF applications by Jan. 10.

With BlackRock's revised in-kind model proposal, it remains to be seen if the SEC would change its mind.

BlackRock's iShares Bitcoin Trust listed on DTCC, positive indicators for SEC approval

On Friday, the top cryptocurrency fell below where it had been trading prior to the ruling.

A federal court sided with Grayscale on Tuesday in its more-than-year-long lawsuit against the SEC.

The SEC's position is the first publicly reported statement from the agency in regards to the current rush of Bitcoin spot ETF applications.

Stocks have been due for a rally, and coinciding with the historically strong month of October, the broad market S&P 500 has climbed nearly 5% over the last month, after falling 9% in September. Is bullish sentiment back? ETF flows over the past week suggest the answer is yes.

The U.S. Securities and Exchange Commission (SEC) is used to going after insider traders, pump and dumpers and fraudulent advisors. But yesterday, the federal regulatory agency went after a new group: retail investors.