Reporter and Bitcoin logo inscribed Bitcoin spot ETF

Bloomberg Analyst: Bitcoin Spot ETF Approval Likely Despite Matrixport Doubts

Bloomberg Intelligence analysts have increased their odds of a U.S. spot Bitcoin ETF approval from 65% to 75%, citing recent developments that favor the crypto industry. They believe the SEC will have a hard time denying the applications, especially after losing a court case against Grayscale. A spot Bitcoin ETF would allow investors to directly access the underlying asset without intermediaries.

Continue Reading...