The cryptocurrency community is holding its breath as the Securities and Exchange Commission processes critical forms submitted by exchanges and issuers, eagerly awaiting a decision that could pave the way for the first U.S. spot Bitcoin exchange-traded fund. And one analyst feels the chances of that happening have just increased. What Happened: Bloomberg’s senior ETF analyst, Eric Balchunas, has raised his confidence in Bitcoin (CRYPTO: BTC) Spot ETF approval from 90% to an even more optimistic 95%. His upgraded view followed fellow analyst James Seyffart outlining possible scenarios in case …

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