Polymarket Ethereum spot ETF prediction results are controversial! Both sides insist on their own opinions
- PHPzOriginal
- 2024-06-04 12:43:021055browse
This site (120btC.coM): The decentralized prediction platform Polymarket’s prediction amount for “Ethereum Spot ETF Pass or Fail” is as high as 13.22 million U.S. dollars, and the platform’s final result is approval ( Yes), but users disagree on the results.
Ethereum ETF prediction event caused controversy
A prediction event on Polymarket, the prediction amount of whether the Ethereum spot ETF will be approved before May 31 exceeds 13.22 million US dollars, but it seems The final result of the approval was not explained in sufficient detail, leading to word games on both sides of the bet.
The main point of contention is that the SEC approved the "19b-4 form" for eight Ethereum spot ETFs, but the S-1 registration statement has not yet taken effect, and the Ethereum spot ETF cannot be officially traded.
Polymarket Forecast Events
Approval Backers: The ETF did pass
Approval Backers Think:
The prediction market specifies "approval", not that the ETF must begin trading before May 31.
Form 19b-4 is the final approval, and S-1 approval usually follows.
Bloomberg ETF analyst James Seyffart also supports this statement, although he and another analyst Eric Balchunas always mentioned the need for approval of both 19b-4 and S-1 , but judging from historical cases, specifically after the passage of 19b-4, it is only a matter of time before S-1 is approved.
Opponents emphasize that the Ethereum ETF has not been approved
Opponents believe that ETFs in the U.S. market require both 19b-4 and S-1 to be approved. Exchange traded, so without an S-1 filing, a favorable outcome is impossible.
Some users also quoted a tweet from VanEck’s head of digital asset research in the Polymarket comment area, who pointed out that the Ethereum ETF is not considered “approved” until both documents are signed by the SEC.
Foreign media Cointelegraph requested comments from Polymarket developer Adventure One QSS Inc. and oracle platform UMA, but there was no response.
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