Ether spot ETF end of May approval odds plummet to 28% on Polymarket
The likelihood of approval for an ether spot ETF by the end of May has decreased to 28% on the Polymarket predictions platform.
SEC delays spot ether ETF decision
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The letter was made public on X.com on March 14. Sens. Laphonza Butler of California and Jack Reed of Rhode Island stated that the SEC should restrict future crypto ETF applications, emphasizing that other cryptocurrencies lack "the trading volumes or integrity to support associated ETPs."
Bloomberg analysts lower odds of spot ether ETF approval
In January, Balchunas said there was a 70% chance of approval by May, while his colleague James Seyffart had given a 60-65% estimate . "This Ethereum ETH -3.53% 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," said Seyffart on X . "We're ~73 days from the deadline and there really seems to be little to no movement."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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