On January 10th, Eric Balchunas, a senior ETF analyst at Bloomberg, said that the US Securities and Exchange Commission (SEC) is expected to announce the approval of a Bitcoin spot ETF between 4:00pm to 5:00pm Eastern Time on Wednesday (5:00am to 6:00am Beijing Time on Thursday) and it will be listed on Thursday local time.

Eric Balchunas believes that "the fake tweet announcing the approval of the Bitcoin spot ETF by the US SEC may be someone preparing a well-planned tweet and entering the wrong date, because this tweet is very meaningful at this time tomorrow. In my opinion, this language style sounds like legitimate SEC style, rather than a prank by a crypto fool."