Ethereum ETF Odds Drop to 35%: Will May Bring Approval or Disappointment? The silence from the SEC has cast a shadow of doubt over the eagerly anticipated approval of Ethereum exchange-traded funds (ETFs). With May just around the corner, hopes are fading.
Bloomberg's Eric Balchunas, a trusted ETF analyst, has sounded the alarm, slashing the odds to a mere 35%. He points out that the signs that made Bitcoin bulls optimistic aren't present this time.
Influencers are divided. Some share Balchunas' concerns, highlighting the SEC's lack of engagement with issuers and Chair Gensler's cautious stance on Ether as a potential security.
Others, like Nate Geraci of ETF Store, are left scratching their heads, searching for logical explanations behind the SEC's mysterious silence.
Matt Corva from ConsenSys sees a silver lining in denial, suggesting it could strengthen Ethereum's position against other cryptocurrencies in the long run.
As Coinbase and Grayscale engage in talks with the SEC, all eyes turn to the critical juncture of the U.S. election day. While uncertainties loom large, Balchunas remains cautiously optimistic about eventual approval for spot Ether ETFs.
