Bloomberg ETF analysts believe the likelihood of spot Ethereum ETF approval in May has dropped to 30%
TechFlow news, according to theblock, Bloomberg ETF analyst Eric Balchunas lowered the probability of the spot Ethereum ETF being approved in May from 60-70% to 30%.
Market maker GSR still believes approval is more likely than not, but is prepared to lower the likelihood of approval if there is no progress next month.
Investment banks JPMorgan and TD Cowen estimate that a spot Ethereum ETF will not be approved by May either.
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