The post Bitcoin ETF Approval Looking Likely, Predicts Marathon Digital CEO appeared first on Coinpedia Fintech News
Fred Thiel, the CEO of Marathon Digital, is expressing a growing sense of optimism regarding the possibility of the United States Securities and Exchange Commission (SEC) approving a spot Bitcoin (BTC) Exchange Traded Fund (ETF).
Over the past couple of months, Thiel believes the odds of approval are above 50/50 due to the entry of institutional investors into the space. Additionally, Thiel noted that an Ethereum Futures ETF approval by the agency would increase the odds.
Positive Shift: SEC’s Stance on Bitcoin Spot ETF Approval Gains Momentum
In an interview, Fred Thiel expressed growing optimism regarding the SEC’s stance on Bitcoin Spot ETF approval. Thiel has indicated that the odds of the regulatory body giving the green light to a Bitcoin Spot ETF are now better than a coin toss.
“I don’t know about giving out odds on something like this because the fac
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