Bitcoin ETF

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 <p class="is-style-lead">Traders taking bets on the platform predict a 90% chance the SEC will approve spot Bitcoin ETFs by mid-January, while the minority is hedging against the converse outcome.</p>
 <p>Shares of a “Bitcoin ETF approved by Jan 15” contract on Poly<a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>, a decentralized prediction venue, traded for 90 cents as speculation for a forthcoming decision from the U.S. Securities and Exchange Commission (SEC) dominated <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> sentiment.&nbsp;</p>
 <p>At press time, the contract had attracted $441,315 worth of “YES” bets, with just 10% of traders choosing “NO”. These <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a>ors also admitted their opposing choice was a means to hedge their bets and turn a profit should the SEC delay beyond Jan. 15.</p>
 <blockquote class="wp-block-quote">
  <p>I don’t doubt the inevitability of a Bitcoin ETF, I doubt the SEC’s ability to work fast enough to say yes by Jan. 15.</p> <cite>Polymarket trader</cite>
 </blockquote>
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   <img decoding="async" width="1024" height="407" src="https://cdn.thebittimes.com/images/2024/01/02/4e4e4f433828651ca18c8721e0091783.webp" alt="spot Bitcoin ETF"> 
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   Bettors bid on an SEC decision on spot BTC ETFs by Jan. 15 | Source: Poly<a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> VanEck: spot Bitcoin ETF launch will not impact BTC price
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 <p>Reuters reported that the SEC could announce approvals as early as Jan. 3 for the 14 issuers to list their products in the coming weeks. However, Fox journalist Eleanor Terrett said this is highly unlikely due to ongoing reviews of updated S-1 filings from firms like Hashdex and VanEck.</p>
 <p>Although no one knows when the SEC will decide on spot Bitcoin ETFs, experts and crypto proponents fancy the chances of a Jan. 10 outcome. This date coincides with the deadline for a joint submitted by ARK 21Shares.</p>
 <p>Cathie Wood, Ark Invest CEO, also foresees a decision by this date. Wood believes an approval would endorse Bitcoin (BTC) and cryptocurrencies through Wall Street, a sentiment shared by MicroStrategy founder and BTC maxi Michael Saylor.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> SEC may approve Bitcoin ETF for imminent launch: Here’s when
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/polymarket-investors-confident-of-spot-bitcoin-etf-nod-by-jan-15-tbt75369.html">https://thebittimes.com/polymarket-investors-confident-of-spot-bitcoin-etf-nod-by-jan-15-tbt75369.html</a></p>

Polymarket investors confident of spot Bitcoin ETF nod by Jan. 15

TheBitTimes

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