Telegram ID: @Vipkhoone_manager

Analysts lower odds of Ethereum ETF approval to 35%

Crypto Leak 140 Best Vip channels of the world

Analysts lower odds of Ethereum ETF approval to 35%

ethereum

Industry experts believe the odds of an Ethereum ETF securing approval in May have fallen significantly due to a lack of activity among relevant parties.

In a recent shift of perspective, Bloomberg analysts have significantly lowered the forecast for the approval of a spot Ethereum exchange-traded fund (ETF) by May — setting the probability at a mere 35%.

According to Eric Balchunas, the odds are down sharply from previous estimates, which ranged between 60% and 70%.

The revision reflects growing skepticism about the regulatory green light for Ethereum ETFs, contrasting the previously more optimistic stance.

No sign of activity

The caution among analysts follows recent discussions between Coinbase, Grayscale, and the SEC regarding the potential conversion of Grayscale’s Ethereum Trust into an ETF. While such meetings might usually indicate a positive trajectory, the absence of subsequent SEC commentary has tempered expectations.

Balchunas and other analysts — including James Seyffart and Eleanor Terret — said that there is a distinct lack of activity in the regulatory circles despite the deadline being two months away.

In contrast, there was a flurry of activity among the SEC and spot Bitcoin ETF issuers for more than 10 weeks before the applications were approved.

Seyffart said:

“This Ethereum ETF cycle feels like the opposite of Bitcoin ETF approval odds at the moment. The more we see/hear (and don’t see/hear), the less optimistic I become.”

However, the analysts added that the activity could pick up pace in the coming days. They also said that the expectation remains that an ETH ETF will be approved sometime this year — even if not in May.

 

 

 

 

 

Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals for trading. Godleak tried to provide you signals of best crypto vip channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Crypto leak

Godleak crypto leak service have multiple advantages in comparision with other services:

  •  Providing signal of +160 best crypto vip channels in the world
  • Using high tech bot to forward signals
  • Without even a second of delay
  • Joining in +160 separated channels on telegram
  • 1 month, 3 months , 6 months and yearly plans
  • Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

 

Join for Free

☟☟☟☟☟

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

 

  

 

 

Cautiously hopeful

Despite these lowered expectations, some industry observers like Variant Fund’s Chief Legal Officer, Jake Chervinsky, remain cautiously optimistic, suggesting that the upcoming weeks could provide clearer signals about the SEC’s direction.

However, he also raised concerns that the SEC may treat Ethereum like a security and would be unwilling to approve the applications without judicial intervention.

The overall sentiment appears to be veering towards skepticism, with major investment banks such as JPMorgan and TD Cowen also projecting unlikely approval by May.

In contrast to the Bloomberg analysts, the crypto market-making firm GSR has maintained a more hopeful stance, initially estimating a 70% chance of approval.

However, the firm recently admitted that this optimism might soon wane if there’s no visible progress in the next month.

Meanwhile, Standard Chartered has said multiple times that the SEC is likely to approve Ethereum ETFs in May.

 

 

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *