ETH Spot ETF Approval by May 31: Polymarket Users Predict 55% Chance
CryptoNewsTerminal Staff21 May, 2024
ETH Spot ETF Approval by May 31: Polymarket Users Predict 55% Chance
Polymarket users are predicting a 55% chance that a spot ether ETF will be approved by May 31. This is a significant increase from the 11% chance predicted on Tuesday. The change in odds follows a report that the U.S. Securities and Exchange Commission (SEC) has been holding discussions with issuers behind several bitcoin ETF proposals about converting them to bitcoin futures ETFs instead. The odds of an ether ETF being approved by June 30 are now seen at 68%, according to Polymarket.
