Cryptocurrency world as SEC finally approves spot Bitcoin ETF applications Ethereum ETF He started focusing on his applications.
Bloomberg ETF analyst Eric Balchunas predicts a 70% chance of Ethereum ETFs being approved by May does.
New deadline to obsess over just dropped
May 23rd is the final deadline for decision on VanEck’s spot ETH ETF pic.twitter.com/dgi5EVbPeQ
NEWS CONTINUES BELOW— Will (@WClementeIII) January 10, 2024
Eric Balchunas, senior ETF analyst at Bloomberg, noted that the Ethereum spot ETF is strictly contingent on Bitcoin ETF approval. As Koinfinans.com reported, Eric Balchunas had been cautious, giving Bitcoin ETF approval a lower probability. However, ETF analysts have a much more optimistic view on the ETH ETF.
Attorney Joe Carlasare predicts ETH spot ETFs will gain approval this year, albeit with a timeline that potentially exceeds initial expectations. Carlasare suggests that the SEC could set a precedent for approving digital asset ETFs while preserving their discretion.
Things are still complicated as SEC decisions are due by the end of May on several Ethereum spot ETF applications, including VanEck, Ark 21Shares, and Hashdex. However, May 23, 2024 marks the deadline for VanEck’s ETF decision, raising expectations.
The deadline for other companies is as follows:
- VanEck: May 23
- ARK 21Shares: May 24
- Hashdex: May 30
- Grayscale: June 18
- Invesco: July 5
- Fidelity: August 3
- BlackRock: August 7