Bloomberg Analyst Raises Odds of Spot ETH ETF Approval This Week

IconCryptoNewsTerminal Staff21 May, 2024

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Bloomberg Analyst Raises Odds of Spot ETH ETF Approval This Week

On Tuesday, Bloomberg analyst Eric Balchunas tweeted that he heard the SEC wants the revised 19b-4 filing by X for a spot #ETH ETF by 10 AM Wednesday. If other anticipated approvals come through today, this could put us on track for ETH spot ETF approval as early as Wednesday. Balchunas bumped his probability of a spot #ETH ETF being approved this month to 75% from 25% earlier Tuesday morning.