SEC Approval of Spot Bitcoin ETF Now 'Better Than 50/50' Chance
According to Marathon Digital CEO Fed Thiel, a US Securities and Exchange Commission (SEC) approval of a Spot Bitcoin ETF is now “better than 50/50 ,” in an interview with Decrypt. Moreover, Thiel noted that the approval by the agency of an Ethereum Futures ETF could increase the odds even more. The race to get a Bitcoin Spot ETF approved has been a key discussion for the digital asset industry. Indeed, the offering has seen digital asset companies and traditional finance entities all vying for approval. Ranging from Valkyrie to BlackRock, approval seems more and more likely. Source: CoinGape Also Read: SEC Approval of Ethereum Futures ETF Expected in October SEC Bitcoin Spot ETF Approval Growing More Likely The presence of a spot exchange-traded fund has become the talk of the digital asset sec tor. When asset management firms BlackRock and Fidelity announced their applications, it appeared more likely that the SEC would see them come to fruition. No...