Investment management firm BlackRock (NYSE:BLK) has a 50% chance of getting its spot Bitcoin (BTC) Exchange Traded Fund (ETF) approved, according to Bloomberg senior ETF analyst Eric Balchunas.
Balchunas’ prediction comes following an observation made by Elliott Stein, a senior litigation analyst for Bloomberg Intelligence, who now pegs the chances of Grayscale winning its case against the SEC at 70%.