According to Bloomberg ETF analysts, the chances of a spot Bitcoin ETF being approved in the US have increased from 1% to 65% in recent months due to new developments in the crypto market and the refiling of ETF applications by Blackrock and other institutional giants. The timing of the Grayscale case dates and their victory over the SEC in Federal court could also play a role in the approval of a Bitcoin ETF. The spot Bitcoin ETF race has attracted the interest of major financial institutions, and some analysts believe that institutional giants like Blackrock could be the key to approval.
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Chances of Approval for Bitcoin ETF in the US Increase to 65%
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