Bloomberg analyst Eric Balchunas is confident that the SEC will approve a physically-settled Ethereum ETF application in May 2024.
Following the approval of 11 Bitcoin spot-based exchange-traded funds yesterday, market pundits have predicted the potential date for the approval of a similar product for Ethereum (ETH).
Odds of Ethereum ETF Approval in May Pegged at 70%
Interestingly, Bloomberg intelligence analyst Eric Balchunas speculated that there is a 70% chance the U.S. Securities and Exchange Commission (SEC) would approve an Ethereum ETF by May 2024.
Bloomberg ETF analyst Eric Balchunas said he expects a 70% chance of an Ethereum spot ETF being approved in May. The SEC needs to make approval decisions on multiple Ethereum spot ETF applications by the end of May, including VanEck, Ark 21Shares and Hashdex. Digital asset lawyer…
— Wu Blockchain (@WuBlockchain) January 11, 2024
Balchunas previously noted that the SEC’s…
