Odds of Bitcoin ETF approval rises to 90%

Bloomberg's team of ETF analysts has significantly increased the likelihood of the U.S. Securities and Exchange Commission (SEC) approving a spot Bitcoin ETF, now placing the odds at a remarkable 90%.

This notable shift in expectations comes in response to the recent adjustments made to the spot Bitcoin ETF prospectus by both Ark Invest and 21Shares at the request of the U.S. SEC. The analysts at Bloomberg are confident that the SEC will give its green light to a spot Bitcoin ETF by January 10, as these amendments in the applications signify productive engagement and an effort to provide enhanced risk disclosures, introduce new language, and offer additional contextual information.

Article source: Bloomberg

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