{"id":15098,"date":"2024-04-03T13:40:41","date_gmt":"2024-04-03T13:40:41","guid":{"rendered":"https:\/\/www.bitcoincasinos.com\/?p=15098"},"modified":"2024-04-05T13:46:30","modified_gmt":"2024-04-05T13:46:30","slug":"over-2-4-million-placed-by-crypto-users-on-the-proposed-institutional-investment-wave","status":"publish","type":"post","link":"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/03\/over-2-4-million-placed-by-crypto-users-on-the-proposed-institutional-investment-wave\/","title":{"rendered":"Over $2.4 Million Wagered On The Proposed Institutional Investment Wave"},"content":{"rendered":"<p><strong>A large amount of crypto users bet $2.4million in wagers on Polymarket, over the United States Securities and Exchange Commission approving investment in May.<\/strong><\/p>\n<h2>Crypto Users Bet $2.4Million Over Investment<\/h2>\n<p>There is a huge sense of speculation that the SEC will approve ETFs in the spring, with many placing bets over the outcome occurring before the end of May.<\/p>\n<p>Mainstream investors would be able to grasp further exposure to the second-largest cryptocurrency through capitalizing on the market and not having to own ether.<\/p>\n<p>Through Polymarket, $2.4m worth of wagers has been placed by crypto users and according to a report from Polymarket, 81% do not believe the investment will be approved.<\/p>\n<p>Which means 19% believe the regulators of crypto markets will allow spot ether to take over the markets and become a more prominent feature.<\/p>\n<p>Selecting yes on the website is cheaper,as more gamblers feel the SEC will not allow the ether ETFs, at least for the short term.<\/p>\n<p>The option of singular shares in yes are sitting at $0.19 cents, while selecting a singular no share are worth $0.81 cents .<\/p>\n<p>Although those within the crypto markets are focusing on the new investment, there are also other intrigued parties who will benefit from a decision.<\/p>\n<p>Grayscale, which was approved by the SEC to convert into a bitcoin ETF with Grayscale Bitcoin Trust back in January.<\/p>\n<p>Craig Salm, the top legal officer at Grayscale, continues to go against the possibility of the SEC lacking direct engagement with spot ether ETF and in turn impacting the application.<\/p>\n<p>Those who like to gamble through crypto have also placed stakes on issues relating to the SEC previously, as digital money was placed on bitcoins approval in January.<\/p>\n<p>These wagers exceeded the current bets of $2.4m, as crypto gambling enthusiasts spent $12m on the SEC approving spot bitcoins before January 15th.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A large amount of crypto users bet $2.4million in wagers on Polymarket, over the United States Securities and Exchange Commission approving investment in May. Crypto Users Bet $2.4Million Over Investment There is a huge sense of speculation that the SEC will approve ETFs in the spring, with many placing bets over the outcome occurring before &hellip; <\/p>\n","protected":false},"author":204,"featured_media":15102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[5],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Users Bet $2.4Million On Next Investment Wave<\/title>\n<meta name=\"description\" content=\"Crypto users bet $2.4Million in wagers on Polymarket, as many do not believe the SEC will approve the ether ETF in May.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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