SEC Bitcoin ETF Approval Odds Drop Slightly But Remain High Ahead of Key Decisions This Week
• Odds of SEC approving a spot bitcoin ETF raised to over 90% by Bloomberg analysts, but dropped to 85% on Polymarket betting platform • SEC expected to make key decisions on ETF proposals this week that could lead to first spot bitcoin ETFs for professional investors • More than a dozen applicants, including BlackRock, Grayscale, and Fidelity, hope to launch the first spot bitcoin ETFs in the US • Applicants submitted amended filings on Friday to address SEC feedback and concerns • A regulated bitcoin ETF is expected to attract billions in new bitcoin demand and be a major catalyst for the market