Bloomberg Analyst: The probability of Ethereum spot ETF approval decreases in May
Bloomberg ETF analyst James Seyffart said that the chances of Ethereum spot ETF getting approved in May have become increasingly slim. Seyffart pointed out that the U.S. SEC has not had repeated discussions with issuers about the Ethereum spot ETF, which is a stark contrast to the extensive discussions before Bitcoin's spot ETF was approved in January. He believes this round of applications will be rejected on May 23rd. Previously, Seyffart and his colleague Eric Balchunas thought there was a 35% chance of approval in May. The SEC must make a decision before May 23rd as it is the final deadline for one of the applicants. Currently, seven issuers hope to launch an Ethereum spot fund: BlackRock, Fidelity, Invesco Galaxy, Grayscale, VanEck, Ark 21Share and Hashdex.
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