Ethereum Spot ETFs Odds At A Pessimistic 25%: Bloomberg Analyst
Summary
Bloomberg Intelligence analyst Eric Balchunas has lowered the likelihood of Ethereum Spot Exchange-Traded Funds (ETFs) approval in May to 25%. Bitwise Invest filed for an ETH ETF with the SEC, but concerns arise as the SEC may classify ETH as a security. Despite this, Bitwise remains confident about approval. Balchunas remains skeptical, citing the SEC's silence and low odds for approval. Bitwise's filing includes a new correlation analysis, mirroring the SEC's evaluation of Bitcoin, showing promising results with minimal differences in correlation values.
