Nate Geraci, president of advisory firm ETF Store, said spot Bitcoin ETF applications could be approved this week.

In his assessment, Geraci, citing Bloomberg ETF analyst James Seyffart, stated that the SEC’s eight-day period for ETF approvals has begun. Geraci emphasized that there is a consensus among analysts that spot Bitcoin ETFs will not be approved en masse, and the eight-day period starting on Thursday is the only chance to do so.

Geraci said, “The spot bitcoin ETF watch continues! Bloomberg’s James Seyffart explains that a small window is now open where the SEC could issue 19b-4 approval orders. The consensus is the SEC will batch approve spot bitcoin ETFs because the agency wants to avoid being perceived as playing kingmaker in what will be an extremely high stakes and absurdly competitive market. Issuing 19b-4 approval orders during this current window would help keep the SEC on the path towards batching-up all existing spot bitcoin ETF filings to launch at the same time. This window will close on November 17th because there are several issuers who filed later than the others. Those later filings will enter a public comment period, at which point the SEC simply isn’t going to approve them until that period is over (early January). Therefore, the SEC would not be able to include those issuers in any batch approval process (assuming the SEC is ready and wanting to move forward soon) and explains why this current window is potentially meaningful.”

James Seyffart, on the other hand, underlined that approval in January is more likely based on Geraci’s assessments.

Finally, Micheal Sonnenshein, CEO of Grayscale, one of the companies with an ETF application, made a remarkable post today. Referring to the Winklevoss twins’ Bitcoin ETF application in 2013 and Grayscale’s 10-year history, Sonnenshein said, “This was a ten-year dress rehearsal. The real event starts now.”