SEC in January spot Bitcoin ETFAfter confirming his words, eyes are spot on. Ethereum Converted to ETFs.
With only nine days left until the SEC deadline to approve or reject spot Ethereum ETFs, the odds of approval are slim.
at this point Bloomberg ETF analyst Eric Balchunas He told DL News that he does not expect approval before the end of 2025. He also stated that the majority of investors do not expect the ETFs to be approved.
Quinn Thompson, founder of crypto hedge fund Lekker Capital, also told DL News that the chances of Ethereum ETFs being approved are slim to none.
At this point, Thompson explains what has happened many times in the market. “buy the news, sell the rumor” He said that the incident also occurred in Ethereum.
According to Thompson ETH“Buy the news, sell the rumor” has already happened in , and the possibility of ETH ETFs not being approved has already been priced in. At this point, Thompson argued that rejection of Ethereum ETFs could lead to an uptrend.
Only Graysacale Can Change the Situation!
Additionally, 10X Research also evaluated the possibility of approval of Ethereum ETFs. At this point, the founder of 10x Research Markus Thielen said the chances of ETFs being approved are very low.
Thielen stated that in the face of the increased possibility of rejection, investors’ focus has shifted to Grayscale, which has become an important player after its legal victories against the SEC.
“Grayscale’s legal win against the SEC in the Bitcoin spot ETF process was overshadowed by its 1.5% annual management fee while everyone else charged near zero.
While investors’ focus has now shifted to Ethereum ETFs, the SEC is unlikely to approve an ETH ETF on May 23.
“Given Grayscale’s unique position in the market despite the high fees it charges compared to competitors like Blackrock, only Grayscale can file a lawsuit against the SEC in the event of a rejection, and only it can remedy the situation.”
*This is not investment advice.
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