Variant Fund Chief Legal Officer: SEC’s probability of rejecting Ethereum spot ETF in May is higher than consensus expectations

Jake Chervinsky, Chief Legal Officer of Variant Fund, stated on his social media platform that the relevant legal issues and policy environment make it more likely for the SEC to reject the Ethereum spot ETF (or require withdrawal) in May than expected. At the same time, Chervinsky also stated that this does not mean that the SEC will absolutely not approve it.