Bitcoin ETF Approval Odds Improve to 50/50 as Decision Nears
The hottest topic in the Bitcoin space in 2017 is if Wall Street will get in the game through a Bitcoin ETF. As this decision is now just one week away, the odds of acceptance have shifted more in its favor than ever before. Bitcoin ETF Odds Highest Ever. Over the last couple of months, since this decision timetable became public knowledge, the odds have been long against the ETF, brought forth by the Winklevoss Twins three years ago, gaining Securities Exchange Commission approval. Odds have consistently been rated at 25% or less. However, now that you can vote on these odds, things have....
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As one of the more high-profile bitcoin ETF efforts edges closer to possible approval, analyst Needham & Co has released a deeper look at the factors that could influence the US Securities and Exchange Commission's decision on the matter. Published Friday, the report doesn't go so far as to alter its outlook for the Winklevoss Bitcoin ETF, positioning its odds of approval at below 25% while continuing to state strongly that any positive outcome would be a substantial boon for the technology. Perhaps most notably, however, the report offers a wider lens-look at three investment vehicles....
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