TechFlow news, May 21: On-chain prediction market Polymarket data shows that bettors now see the likelihood of a spot Ethereum ETF being approved by May 31 surging rapidly from 11% to 55%.
Earlier reports indicated that the U.S. Securities and Exchange Commission (SEC) has asked exchanges to accelerate updates to their 19b-4 filings. Following rumors that the SEC might take a more favorable stance on the applications, Bloomberg ETF analysts Eric Balchunas and James Seyffart raised their estimated approval probability for a spot Ethereum ETF from 25% to 75%.
Add to Favorites
Share to Social Media
