SEC Approval of Spot Bitcoin ETF Now Has a 'Better Than 50/50' Probability, Says Marathon Digital CEO
According to Fred Thiel, the CEO of Marathon Digital, there is now a greater than 50/50 chance of the US Securities and Exchange Commission (SEC) approving a Spot Bitcoin ETF. In an interview with Decrypt, Thiel also mentioned that the approval of an Ethereum Futures ETF could further increase the likelihood of approval.
The race to secure approval for a Bitcoin Spot ETF has been a central topic in the digital asset industry. Various digital asset companies and traditional financial entities, including BlackRock and Valkyrie, have all been vying for approval, and the prospects are looking increasingly positive.
Thiel emphasized the significance of major players like BlackRock seeking approval, stating that they seem to have a high level of confidence in obtaining it. He added, "I think what is certain is that if one gets approved, a number of them will get approved. That doesnât mean all of them will get approved, but a number of them will get approved. I donât think the SEC can play favorites and choose just one."
Furthermore, Thiel highlighted that the approval of an Ethereum Futures ETF could enhance the chances of a Spot Bitcoin ETF approval. He expressed his optimism and mentioned that lobbying firms maintain a greater than 50% chance of approval.
