There seems to be some division amongst crypto gamblers about the prospective timeline and odds that the United States Securities and Exchange Commission (SEC) will give its nod to spot Ethereum ETFs like it did with Bitcoin ETFs in January.
Polymarket Insight on Spot ETH ETF
There are speculations that the agency may approve the spot Ethereum ETF applications that have been filed to its office by May 31. However, a chart from Polymarket, a renowned prediction market, shows that the odds of having a positive decision from the SEC by the proposed time is not even up to 50%.
Spot ETH ETF Approval Odds. Source: Polymarket
Precisely, the odds of receiving approval by the next two months are now at 45% per the crypto gambling marketplace.
This percentage and the chart trend confirm that crypto enthusiasts are double-minded, indicating that they are not positive that the SEC will grant the requests of the filers. As of January 10, one day before spot Bitcoin ETFs went live, the enthusias
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