December 19, 2023 –
NitroBetting.eu, a distinguished Bitcoin-exclusive sportsbook, simply launched the first-of-their-kind Bitcoin Spot ETF betting traces. The brand new prediction market is concentrated on the SEC’s potential Spot ETF approval date, in addition to hypothesis on which ETF sponsor would be the first to obtain approval. In response to the revealed odds, the market thinks it extra seemingly than not that the SEC approves a Spot BTC ETF by 1/10/2024, with odds sitting at -1667 for, and +650 in opposition to.
With regard to ETF sponsors, on the time of writing, simultaneous approval for a number of candidates is probably the most favored situation (-250), with Blackrock main the pack as most favored for standalone approval (+120). Of all of the potential Spot ETF sponsors, Wisdomtree (+2900) and Invesco (+2900) are the least favored by betting line individuals per the Nitrobetting web site:
Whereas the bitcoin market has seemingly reacted positively to potential Spot ETF approval — at the moment buying and selling across the $42,000 worth stage — it stays to be seen if the optimism is warranted. The brand new Spot ETF prediction market might assist to supply higher readability for traders.
In an announcement submitted to Bitcoin Journal, Nitrobetting.eu mentioned the next: “Amidst the anticipation of Spot ETF approval within the U.S., Nitrobetting is thrilled to supply the first-ever betting traces for this occasion, inviting gamers to hitch in and have some enjoyable on this historic time.
With over 10+ years in Bitcoin gaming, we’re on the forefront of this monetary evolution. That is greater than betting; it’s a celebration of Bitcoin’s integration into the mainstream and a milestone for the complete group.”
individuals can view out there Bitcoin betting traces on the Nitrobetting web site. Traces embrace Spot ETF wagers, 2024 halving worth predictions, Bitcoin dominance, and Bitcoin authorized tender predictions.
Disclaimer: Nitrobetting is a sponsor of Bitcoin Journal’s “The Bitcoin Halving Problem”, a contest for individuals to guess the worth of bitcoin on the 2024 halving for an opportunity to win a share of 1 BTC in prizes.
