Will an Ethereum ETF Be Approved by May 31?
Market Information
| Market Open Date | Start Date | Market Close Date | Currency | Taker Fee |
|---|---|---|---|---|
| 2024-02-11 | 2024-02-01 05:26 ET | 2024-05-31 | USD | 0.075% |
Rules
This market will resolve to "Yes" if any spot Ethereum ETF receives approval from the SEC by May 31, 2024, 11:59:59 PM ET. Otherwise, this market will resolve to "No". The primary resolution source for this market will be information from the SEC, however a consensus of credible reporting may also be used.
There are "taker fees" on this market. The taker fees apply when you match an existing order on the order book, whereas the maker subsidy happens when you place an unmatched order that can be matched later. The taker fees are .075 times the price, times the potential profit (e.g., Taker Fee per share = .1*Price/100*(1-Price/100)). Thus, the taker fee to buy 100 shares at 20 cents would be: 100*.075*(20/100)*(80/100) = $1.20.