Ethereum Spot ETFs Unlikely To Get Green Light In May: Tron Founder
Summary
The approval of Ethereum Spot Exchange-Traded Funds (ETFs) by the SEC is increasingly unlikely. Tron founder Justin Sun predicts that the approval will not come through by the May deadline, citing the need for a lengthy education process for regulators. Nate Geraci also doubts the approval, suggesting reduced SEC involvement and potential legal action. The likelihood of approval has dropped to 11%, compared to 76% for Bitcoin ETFs, with Bloomberg analyst Eric Balchunas estimating approval odds at 35%, down from 70%. Balchunas still believes in long-term acceptance.
