Crypto Market Maker GSR Cuts Ether Spot ETF's Chances of Approval in May to 20 Percent

Crypto market maker GSR has lowered the likelihood of an Ether Spot ETF being approved in May to 20%, down from 75% previously.GSR's analysis suggests a lack of active participation by the U.S. SEC in the approval process and political pressure. It is expected that the approval process for the Ether Spot ETF could extend into 2025 to 2026. Bloomberg analysts also downgraded the chances of Ether Spot ETF approval to 30%.