Bitcoin ETF Approval Odds Raised to Over 90% at Bloomberg, Drop on Polymarket

Odds of a spot bitcoin (BTC) exchange-traded fund (ETF) being approved in the U.S. have risen to more than 90%, two influential analysts at Bloomberg said, while crypto market participants at betting platform Polymarket became more pessimistic, trimming the odds to 85%.

Referring to the likelihood of the Securities and Exchange Commission (SEC) rejecting proposals after Friday’s flurry of updated filings, Bloomberg ETF analyst Eric Balchunas said in a Saturday post: “I probably go with 5% at this point. But you gotta leave a little window open for these things.” He previously tipped the odds at 90% in November, saying that updated forms at the time indicated providers were moving in the right direction.

Source: Bitcoin ETF Approval Odds Raised to Over 90% at Bloomberg, Drop on Polymarket