Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Analysts have lowered the probability of Ethereum ETF approval to 35%.
ETHEREUM NEWS

Analysts have lowered the probability of Ethereum ETF approval to 35%.

By Crypto FlexsMarch 12, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Analysts have lowered the probability of Ethereum ETF approval to 35%.
Share
Facebook Twitter LinkedIn Pinterest Email

In a recent shift in perspective, Bloomberg analysts significantly lowered their forecast for an Ethereum spot exchange-traded fund (ETF) to be approved by May. The probability is only 35%.

According to Eric Balchunas, the odds are: down sharply Previous estimates put it between 60% and 70%.

The amendments reflect growing skepticism about regulatory approval for an Ethereum ETF, in contrast to the previously more optimistic stance.

No signs of activity

The caution among analysts follows recent discussions between Coinbase, Grayscale, and the SEC regarding the possibility of converting Grayscale’s Ethereum Trust into an ETF. Such meetings can typically indicate a positive trajectory, but the lack of follow-up SEC commentary has tempered expectations.

Balchunas and other analysts, including James Seyffart and Eleanor Terret, said there was a distinct lack of activity from regulators despite the deadline still being two months away.

In contrast, there was a flurry of activity between the SEC and spot Bitcoin ETF issuers for more than 10 weeks before the application was approved.

Seifart said:

“This Ethereum ETF cycle currently feels like it is going against the odds of Bitcoin ETF approval. “The more we see/hear (and the less we see/hear), the less optimistic I become.”

But analysts added that activity could accelerate in the coming days. They also said there still remain expectations that the ETH ETF will be approved sometime this year, if not in May.

cautiously hope

Despite these lowered expectations, some industry observers, such as Variant Fund’s chief legal officer, Jake Cherbinskimaintain cautiously optimisticThis suggests that the coming weeks could provide a clearer signal of the SEC’s direction.

However, he also raised concerns that the SEC could treat Ethereum like a security and would not approve the application without judicial intervention.

The overall sentiment appears to be leaning towards skepticism, with major investment banks such as JPMorgan and TD Cowen also predicting approval will not be possible until May.

Unlike Bloomberg analysts, cryptocurrency market-making firm GSR initially remained more hopeful, estimating a 70% chance of approval.

However, the company recently acknowledged that this optimism could soon fade if no notable progress is made in the coming months.

Meanwhile, Standard Chartered has stated several times that the SEC is likely to approve the Ethereum ETF in May.

Ethereum market data

At press time March 11, 2024, 8:54 PM (UTC)Ethereum is 2nd in market capitalization and its price is consolation 3.37% In the last 24 hours. Ethereum’s market capitalization is $484.39 billion With 24-hour trading volume $29.46 billion. Learn more about Ethereum ›

Cryptocurrency Market Summary

At press time March 11, 2024, 8:54 PM (UTC)The overall cryptocurrency market is worth: $2.71 trillion with 24 hour volume $170.31 billion. Current Bitcoin dominance is 52.17%. Learn more about cryptocurrency markets ›

Mentioned in this article
recent Alpha market report

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Next chapter of ecosystem support program

August 31, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025
Add A Comment

Comments are closed.

Recent Posts

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025
Most Popular

BNB Token Burn: $1 Billion Tokens Sent to ‘Black Hole’ Address — Will This Affect Price?

November 3, 2024

ADA Price Prediction – Cardano Could See a “Face Tear” Rally

November 27, 2023

Vitalik Buterin proposes three ways to make Ethereum’s proof-of-stake design simpler.

December 27, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.