Forecasts of approval of the much-anticipated Ethereum Exchange-Traded Funds (ETFs) are dwindling as top market analysts and experts express doubts about its possibility, citing a significant drop in approval odds over time.
Ethereum ETFs Approval Odds Fall to 35%
On Monday, Bloomberg Intelligence ETF expert Eric Balchunas reported that the Ethereum spot ETF approval odds have plummeted immensely in the past few months. Eric Balchunas took to the social media platform X (formerly Twitter) to share the update with the cryptocurrency community.
According to the expert, we now have only a “35% chance of getting the ETH ETFs approved” by the United States Securities and Exchange Commission (SEC) by the anticipated May deadline predicted by Standard Chartered.
Balchunas initially estimated a 70% possibility of approval of the ETFs by May, so this marks a huge departure from his forecasts from January. The Bloomberg analyst clearly noted that there are several reasons, in th
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