SEC rumored to be reconsidering spot Ether ETF denial, say analysts
ETF analysts James Seyffart and Eric Balchunas said they had increased their odds of the SEC approving a spot Ether exchange-traded fund from 25% to 75%.
Two exchange-traded fund analysts have said they are reevaluating the chances of the United States Securities and Exchange Commission (SEC) approving a spot Ether (ETH) exchange-traded fund after “hearing chatter” about the financial regulator.
In May 20 X posts, Bloomberg ETF analysts James Seyffart and Eric Balchunas said the SEC might be “doing a 180” on their expected denial of spot Ether exchange-traded funds this week. Filings from the regulator, public statements from SEC Chair Gary Gensler and reports of investigations previously suggested that the commission may have been preparing to deny spot Ether ETF applications.
However, according to Seyffart and Balchunas, the two analysts changed their prediction on the odds of spot Ether ETF approval from 25% to 75%. Seyffart hinted that the investment vehicle was becoming an “increasingly political issue.”
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Author: Turner Wright
