Bloomberg ETF analysts significantly downgraded the odds of spot Ethereum exchange-traded fund (ETF) approval in May.
Experienced Bloomberg ETF analysts predict the possibility of the U.S. Securities and Exchange Commission (SEC) approving spot Ethereum ETFs in May. From 60-70% band reduced to 30%.
He made a statement to The Block about the issue and made a previous statement. With a 70% guess notable senior analyst Eric Balchunasthe possibility under current conditions dropped to 30% he stated.
Another Bloomberg senior analyst James Seyffart He posted his colleague’s current prediction on social media. supported. Seyffart first sought spot Ethereum approval in May. 60-65%He made a prediction. The experienced name made the following statements in his statement on social media:
This Ethereum ETF cycle currently appears to be the opposite of Bitcoin ETF approval prospects. The more we see/hear (and don’t see/hear) the less optimistic I become. There are about 73 days until the deadline and there really seems to be little to no movement.
SEC last week finance giant BlackRock It postponed its decision on the spot Ethereum ETF application submitted by to a later date due to certain risks.
Many people agree
Many important actors of the market, who made statements regarding Spot Ethereum ETFs, made a similar statement.negative” shared the opinion. Cryptocurrency market maker GSR launched in January 70% chance suggested, but the company’s research analyst Brian Rudick He signaled that this rate could be reduced to a lower level in a short time.
President of The ETF Store Nate Geraci was among those who expressed similar views. The SEC has not significantly engaged with companies seeking to issue spot Ethereum, Geraci told The Block. quite negative He said it looked:
All indications are that the SEC has yet to meaningfully engage with issuers, which is clearly a negative sign.
Variant Fund Chief Legal Officer Jake Chervinsky The lack of progress in the process broke his expectations for approval and noted that it increased their concerns.
asset management company blofinIn a recently published report 3 reasons He emphasized that the probability of approval of Ethereum ETFs has decreased.