Analysts have reduced the odds of spot Ethereum ETF approvals to 25%.
Industry veterans believe longer delays in approval might help TradFi adjust to crypto more.
Recent developments including an investigation from the United States Securities and Exchange Commission (SEC) appear to have cast a shadow of doubt over the immediate prospects of a spot Ethereum Exchange-Traded Fund (ETF) launch. Bloomberg ETF expert Eric Balchunas recently reduced the probability of the ETF being approved by May 23, the final application deadline, to 25%.
Getting tagged in tweets about this filing, the Eth corr study, and other eth etf hopium. I respect it all but our odds for Eth ETF approval in May remain a pessimistic 25% (I’d go lower if I could tbh). There’s 7 wks till deadline and radio silence from SEC = bleak. (Again,… https://t.co/fc8elrYm64
— Eric Balchunas (@EricBalchunas) March 28, 2024
Factors Contributing to Ethereum ETF’s Pessimistic Outlook
As previously reported by Crypto News F
