Traders Now See 89% Chance of Spot Bitcoin ETF Approval by Mid-January
• Traders on Polymarket prediction platform see 89% chance of SEC approving spot BTC ETF by Jan 15 • Probability has increased significantly from 50% a month ago amid speculation of imminent ETF launch • Polymarket launched in 2020 and has emerged as a top prediction platform for various events • Traders have bet $437,394 total on ETF approval prediction contract that will settle to "Yes" if SEC approves • SEC could notify ETF applicants this week; some traders buying "No" shares to hedge against market dumping if no approval