Bitcoin ETF Approval More Likely, Bloomberg Analysts Suggest
In recent times, Bitcoin exchange-traded funds (ETFs) have witnessed increased popularity. Prominent asset management firms, such as BlackRock and Fidelity, have recently submitted filings for Bitcoin ETF s. Additionally, Grayscale, a major player in the cryptocurrency investment space, has urged the Securities and Exchange Commission (SEC) to consider approving all the proposed spot Bitcoin ETF s simultaneously. Also read: Dogecoin Eyes $0.1 Milestone, What’s Hindering the Surge? However, the possibility of the Bitcoin ETF ’s approval remained uncertain. Now, according to the latest estimates by ETF analysts at Bloomberg , the odds of at least one spot BTC ETF getting approved and launched this year in the US have been raised. Based on recent events and new information @ericbalchunas and I are officially increasing our spot # Bitcoin ETF approval odds to 65%. That's from 50% a couple weeks ago and 1% a few months ago. pic.twitter.com/VBLG8EYfoP — Jam...