News Article Translation:
More than $13.2 million worth of bets have been placed on whether the Ethereum ETF will be approved by May 31st on the Polymarket platform, but the specific meaning of “approval” was not specified. On May 23rd, the market closed with a “yes” result after the U.S. Securities and Exchange Commission approved the 19b-4 application for multiple Ethereum ETFs. Polymarket’s logs showed that this result was controversial at one point, but ultimately resolved with a “yes” outcome.
However, voters who cast “no” votes argued that this call was incorrect. They stated that U.S. ETFs need both the approval of the 19b-4 application and the S-1 form to begin trading on exchanges, and without the S-1 application, a “yes” result would not be possible.
Analysts believe that the U.S. Securities and Exchange Commission may take several months to approve the S-1 filing, and some voters who cast “no” votes may have placed their bets on this outcome.
Tags:
ETF, Polymarket, Ethereum
Source link:
https://cointelegraph.com/news/polymarket-gets-backlash-over-approved-outcome-…
Note: All articles from Bitpush News represent the author’s viewpoint and do not constitute investment advice.
Original link:
https://www.bitpush.news/articles/6784618
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