Has There Been a Change in Spot Ethereum ETF Approval Following the SEC’s Postponement Decisions? Giant US Bank Announces Possible Date for ETH Approval!

Spot Bitcoin All eyes on ETF approval Ethereum converted to ETF ETH There are many opinions about ETFs.

While some analysts are certain that Ethereum ETFs will be approved in May 2024, some analysts argue that the approval may be delayed a little further.

Speaking to The Block on this point, Analysts at US investment bank TD Cowen said they predict the SEC will not approve a spot Ethereum ETF until late 2025 or early 2026.

TD Cowen Washington Research Group, led by Jaret Seiberg, stated the following in a note they wrote:

“We do not expect the SEC to approve a spot Ethereum ETF in 2024.

This will be a political decision. “Given how upset SEC Chairman Gary Gensler and progressive Democrats were about the agency approving a spot Bitcoin ETF earlier this month, we believe there is no upside to it approving a spot Ethereum ETF.”

Analysts also note that Gensler is in no rush to approve an Ethereum ETF. “Gensler would first like to have more experience with the performance of the recently approved spot Bitcoin ETFs before approving the spot Ethereum ETF. “This aligns with Gensler’s broader approach to crypto, which is to move gradually and slowly in providing regulatory approval or clarity.” said.

TD Cowen analysts lastly SEC President Gary GenslerHe added that ‘s term ends in June 2026.

*This is not investment advice.