Bloomberg senior ETF analyst Eric Balchunas reiterated that the chance of approving a spot Ethereum ETF is “very slim.”
ETF analyst Eric Balchunas maintained his pessimistic stance on the spot Ethereum ETF in his social media post dated March 26.
The analyst said approval of the spot Ethereum exchange-traded funds (ETF) by the United States in May is limited to 25%, of which 25% is pessimistic.
As a reason for this pessimistic stance, he pointed to the Securities and Exchange Commission’s (SEC) reluctance to spot Ethereum ETF issuers and lack of participation:
Despite the very pessimistic 25% chance of Ethereum ETF approval, we keep the possibility at 25%. Lack of participation is seen as a sign of delays. There is no positive sign/intelligence wherever you look. I personally hope they will approve it, but the situation does not look good.
With the approval of spot Bitcoin ETFs at the beginning of January, the chances of spot Ethereum ETF approval were at 70%. The expected approval for May, along with the moves of the SEC during the process, seems to have fallen through.
