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Bitcoin (BTC) ETF Approval Odds Raised to 65% From 50% by Bloomberg Analysts

2 August 2023
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Bitcoin (BTC) ETF Approval Odds Raised to 65% From 50% by Bloomberg Analysts
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Several major institutions, among them BlackRock, Fidelity, WisdomTree and Valkyrie, have in recent months filed applications for a spot bitcoin ETF to make investing in bitcoin more accessible. While the Securities and Exchange Commission (SEC) has in the past rejected such applications, many experts say there is a good chance that at least some of the applications will get approved, especially that of BlackRock, which has rarely been denied an ETF application in the past.

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