Polymarket Predicts 65% Probability of Spot #ETH #ETF Approval by 5/31, but Ambiguity Over Definition of 'Approval'
CryptoNewsTerminal Staff23 May, 2024
Polymarket Predicts 65% Probability of Spot #ETH #ETF Approval by 5/31, but Ambiguity Over Definition of 'Approval'
## Spot Ether ETF Approval Bet on Polymarket Polymarket users are betting on a 65% chance that a spot Ether ETF will be approved by May 31. However, there is debate over what constitutes "approval," raising the possibility of a dispute. For an ETF to launch, both a 19b-4 form (request for review) and an S-1 form (registration statement) must be approved. While approval of the 19b-4 form is seen as a significant step, experts predict it could take several weeks or months for the S-1 form to be approved. This ambiguity has led to concerns that there could be disputes over whether Polymarket's Ethereum spot ETF approval market should consider only the 19b-4 approval or also require S-1 approval. The total amount wagered on this event stands at approximately $10.96 million.
