Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Bloomberg analysts revised their odds of ETH ETF approval to 75% amid rumors of an SEC reversal.
ETHEREUM NEWS

Bloomberg analysts revised their odds of ETH ETF approval to 75% amid rumors of an SEC reversal.

By Crypto FlexsMay 21, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bloomberg analysts revised their odds of ETH ETF approval to 75% amid rumors of an SEC reversal.
Share
Facebook Twitter LinkedIn Pinterest Email

According to sources, the SEC has asked applicants for a spot Ethereum ETF to update their 19-b4 filings, which has increased optimism about potential approval.

Bloomberg ETF analyst Eric Balchunas said May 20 that the SEC could reverse its expected stance and choose not to reject pending applications. He cited ETF Store President Nate Geraci, who argued that the SEC could approve the 19-b4 exchange listing rule while delaying a decision on the S-1 registration statement.

James Seyffart added that he and Balchunas have heard from several sources and that some new filings are expected to come out in the coming days.

FOX Business reporter Eleanor Terret said her source also said: Confirmed The SEC directed issuers to update their 19b-4 filings. She previously said the issue was “evolving in real time.”

Bloomberg probability is 75%

Balchunas and Seyffart updated their odds of approval for a spot Ethereum ETF to 75%, up from their most recent forecast of 25% to 30%.

Balchunas also noted that the issue has become “an increasingly political issue,” a topic that has been heavily discussed in the past week.

On May 15, Coinbase Research analyst David Han suggested that the US election year could influence the SEC’s decision. At the time, Balchunas called Han’s comments a “risk-free PR move” and said his predictions posed a greater risk to his reputation.

Unbanked founder Ryan Sean Adams, who agreed at the time of the Coinbase report that politics could play a role in the approval, supported Balchunas’ comments today. He answered:

“This is what political pressure can do during an election.”

Some commentators remain pessimistic. Ron Hammond, director of government relations at the Blockchain Association, said May 20 that many people believe the SEC will reject applications based on political indicators and comments from issuers.

The first deadline is approaching.

Deadline is fast approaching. The SEC must decide on VanEck’s proposal for a spot ETH ETF on May 23, but may decide on multiple applications at the same time.

Prediction market Polymarket now suggests a 10% chance that a spot Ethereum ETF could be approved by the end of May, based on cryptocurrency-based bets.

The latest development coincides with ETH’s sharp price rise. Ethereum price rose 20% in 24 hours, with most of the increase occurring within 2 hours of Balchunas announcement. The cryptocurrency market rose 6.7% in 24 hours, while Bitcoin rose 5.2%.

Analysts at Bloomberg Post Revise Odds of ETH ETF Approval to 75% Amid Rumors of SEC Flip appeared first on CryptoSlate

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 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

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025
Most Popular

Exploring the Rise of Blob Inscriptions on the Ethereum Network

March 29, 2024

Effective Social Media Strategy for Startups: A Practical Guide

August 18, 2024

ALR Miners helps you to lead Cryptocurrency World and get passive income.

March 22, 2025
  • 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.