Hopes for a spot Ethereum ETF approval have surged dramatically. On the afternoon of May 20, Bloomberg ETF analyst Eric Balchunas posted on X, indicating a significant shift. He raised the odds of a spot Ethereum ETF approval from 25% to 75% after hearing rumors that the SEC might be reconsidering its stance.
Ethereum ETF Approval Odds Surge to 75%
Eric Balchunas believes the Ethereum ETFs have a solid chance of at least partial approval by Thursday, the final decision deadline for the VanEck Ethereum ETF application. Balchunas argues that the SEC might approve the 19b-4 filings, which would allow ETH ETFs to be listed on exchanges. He believes the SEC may be considering a major shift, raising his confidence level to 75%. However, they would still need S-1 approval and a detailed registration document for each ETF. He suggests this move would enable the SEC to start the process…
