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Bitcoin ETF Approval in the US: Odds Rise to Over 90% According to Bloomberg Analysts

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According to two influential analysts at Bloomberg, the odds of a spot bitcoin exchange-traded fund (ETF) being approved in the US have risen to over 90%. However, betting platform Polymarket's participants are less optimistic, lowering the odds to 85%. Despite this, the crypto market still expects key decisions by the SEC this week to lead to the first spot bitcoin ETFs being offered to professional investors in the country. More than a dozen applicants hope to launch the first spot bitcoin ETFs in the US, with several amended filings addressing feedback from the SEC.

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