{"id":15245,"date":"2024-04-09T11:56:35","date_gmt":"2024-04-09T11:56:35","guid":{"rendered":"https:\/\/www.bitcoincasinos.com\/?p=15245"},"modified":"2024-04-18T14:22:49","modified_gmt":"2024-04-18T14:22:49","slug":"polymarket-data-suggests-14-chance-of-ethereum-etf-approval","status":"publish","type":"post","link":"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/09\/polymarket-data-suggests-14-chance-of-ethereum-etf-approval\/","title":{"rendered":"Polymarket Data Suggests A 14% Chance Of Ethereum ETF Approval"},"content":{"rendered":"
According to the latest data from Polymarket, there is just a 14% chance of the United States Securities and Exchange Commission (SEC) approving a spot Ethereum ETF.\u00a0<\/strong><\/p>\n Users of the renowned prediction markets platform are a lot less optimistic after the SEC continued to scrutinise cryptocurrencies.<\/p>\n Market expectations remain skeptical with the figure holding from March – further highlighting a cautious approach regarding the potential financial product.<\/p>\n Historically, the SEC have been very reluctant towards new ETF’s that have been linked to cryptocurrencies. Users of Polymarket are more than aware of this and remain uncertain of the outcome.<\/p>\n Last month, betting patterns indicated a fairly even split amongst its users who were wagering on the market. Some were very optimistic with others very much feeling the opposite ahead of the proposed deadline of May 31.<\/p>\n Recent activity from the SEC suggests the approval isn’t likely. Prospects have taken a nosedive ever since the investigation into Ethereum’s classification.<\/p>\nEthereum ETF Approval<\/h2>\n