Bloomberg analysts increase the likelihood of spot Bitcoin ETF approval in the US to 65%, up from 1% a few months ago

Bloomberg Intelligence ETF analysts have recently revised their predictions for the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States, raising the odds to 65%.

:small_blue_diamond:Bloomberg analysts increase the likelihood of spot Bitcoin ETF approval in the US to 65%, up from 1% a few months ago.

:small_blue_diamond:Recent events, including SEC Chair’s remarks and Grayscale’s case, contribute to the growing optimism for ETF approval.

:small_blue_diamond:Traditional financial institutions’ interest, like BlackRock’s involvement, may boost the chances of a spot Bitcoin ETF gaining regulatory approval.

#crypto #cryptonews #bitcoin #btc

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