The anticipated approval of a #BTC ETF (Exchange Traded Fund) by the U.S. Securities and Exchange Commission (SEC). The approval is expected by January 15, 2024.
On the prediction market platform Polymarket, users have placed nearly $1 million in bets on whether a spot Bitcoin ETF will receive approval from the SEC by January 15, 2024. Over 83% of bets are in favor of approval, reflecting a "90% probability" of approval according to ETF analysts.
In addition, some experts have expressed a 98% chance of approval within the next few weeks, followed by a likely Bitcoin rally.