Market maker GSR has reduced the probability of Ethereum spot ETF approval in May from 75% to 20%
Cryptocurrency market maker GSR has reduced the likelihood of Ethereum spot ETF approval in May from the previous 75% to 20%. GSR stated that the U.S. SEC lacked active participation in the approval process and was influenced by political pressure. The approval process for Ethereum spot ETF is expected to be extended to between 2025 and 2026. Bloomberg analysts have also lowered the chances of Ethereum spot ETF approval to 30%.
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