Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SEC
Submitted by Anonymous (not verified) on Tue, 05/07/2024 - 16:40
According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval but has since plummeted by 91% over the last three months. […]