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»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

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

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 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

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Monero, Cardano and Solana investors tracking Pushd in pre-sale

January 22, 2024

Celsius Unloads $470 Million Ethereum Stake Amid Restructuring Efforts, Growing Market Concerns

January 5, 2024

Scouting for the Future: Technology and the Scout Movement

December 5, 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.