Ether ETF Approval Outlook for May by Bloomberg Analyst
Wednesday, 20 March 2024, 02:43
Spot Ether ETF Approval Prediction
Bloomberg analyst James Seyffart believes the approval for a spot ether exchange-traded fund in May is unlikely. The SEC has shown minimal engagement with the issuers, contrasting with the process for spot bitcoin ETFs.
Key Insights:
- Low Chances: Seyffart and colleagues estimated a 35% approval possibility, now seen as doubtful.
- SEC Evaluation: The SEC's limited discussions raise concerns for ether ETF approval.
Impact on Investors
This analysis provides important cautionary advice for investors considering ether ETFs amidst regulatory uncertainties.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.