Posted 3/19/2024, 9:16:00 PM
Analysts Lower Odds of Ether ETF Approval in May, Citing Lack of SEC Engagement
- Bloomberg analyst James Seyffart believes a spot ether ETF won't get approved in May
- Seyffart and colleague previously saw 35% chance of approval, but have lowered odds
- Seyffart cites lack of engagement from SEC with potential issuers
- 7 firms have applied to launch ether ETFs, including BlackRock and Grayscale
- SEC had extensive discussions with bitcoin ETF issuers before approving those products
