Bloomberg ETF Analyst: Spot Ether ETF Chances of Approval Increase from 25% to 75%
Bloomberg analyst Eric Balchunas has posted that he has increased the odds of a spot Ether ETF being approved from 25% to 75%. Heard some rumors this afternoon that the SEC may do a 180-degree turn on this issue (which is getting increasingly politicized), so everyone is scrambling to get ready now (and like us, everyone else thinks it will be rejected). See Nate's tweets for a possible sequence of events (but again, will cap the odds at 75% until we see more evidence, such as an application renewal).
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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