50/50 Chance For Ethereum ETF Approval By May
Asset management executives predict a 50% likelihood of regulatory approval for spot Ethereum ETFs in the US by May 2023.
Bitwise Asset Management, Galaxy Asset Management, and Grayscale have shared their insights on Ethereum ETFs, highlighting a significant moment for cryptocurrency investment products.
Other experts suggest a 75% probability by the end of 2024, with estimates ranging from 48% to 60% for approval by May’s end.
Grayscale and Galaxy, in collaboration with Invesco, have pending applications with the SEC for a spot Ethereum ETF.
The SEC’s decision on VanEck’s application is highly anticipated and expected to set a precedent for similar proposals.
(With inputs from Shikha Singh)
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