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»Ethereum Spot ETF on Thin Ice? Experts predict a 25% chance of approval given the SEC’s silence.
ETHEREUM NEWS

Ethereum Spot ETF on Thin Ice? Experts predict a 25% chance of approval given the SEC’s silence.

By Crypto FlexsMarch 30, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Spot ETF on Thin Ice?  Experts predict a 25% chance of approval given the SEC’s silence.
Share
Facebook Twitter LinkedIn Pinterest Email

Discussions surrounding the U.S. Securities and Exchange Commission’s (SEC) approval of a spot Ethereum exchange-traded fund (ETF) are intensifying as the decision announcement date quickly approaches.

Eric Balchunas, senior ETF analyst at Bloomberg. shared As a somewhat cautious outlook, we estimate that the ETH spot ETF has only a 25% chance of being approved.

Ethereum’s Slight Chance for Spot ETF Approval

Skepticism about the possibility of spot ETH ETF approval is rooted in what Balchunas perceives as deliberate non-participation by the SEC rather than mere delays, resulting in a lack of positive indicators for approval in the current environment.

For Eth ETF approval, we are holding the line at a 25% probability, even though it is a very pessimistic 25%. Lack of engagement seems like both purposefulness and procrastination. No matter where you look, there are no positive signs or information. Personally I hope they approve it, but it just doesn’t look good. https://t.co/nuBdCDE18L

— Eric Balchunas (@EricBalchunas) March 25, 2024

The debate over the SEC’s position on a potential Ethereum spot ETF is nuanced and divided within the industry. Meanwhile, Balchunas expressed disappointment over the lack of encouraging signs regarding the approval of an Ethereum spot ETF, despite holding out hope for a positive outcome.

On the other hand, Grayscale’s Chief Legal Officer Craig Salm offered a different view, saying the SEC’s silence should not be interpreted negatively.

2/ In the last few months until next month #Bitcoin ETF approval, @Grayscale And others have received positive and constructive engagement from the SEC. We had a thoughtful conversation and discussed the finer details of creation/redemption procedures, cash vs. spot, AP, LP, custody, etc.

— Craig Salm (@CraigSalm) March 25, 2024

Salm claims that many of the operational details related to the Ethereum spot ETF have already been worked out during the spot Bitcoin ETF approval process, implying that fewer aspects will require involvement this time around.

Ethereum’s Market Performance Amid Regulatory Uncertainty

Despite differing opinions about the implications of the SEC’s current level of involvement, the agency’s actions signal a cautious approach to Ethereum and its classification.

The SEC’s recent moves, including issuing “subpoenas” to cryptocurrency companies for their interactions with the Ethereum Foundation, have fueled speculation about a campaign to classify Ethereum as a security.

These developments, combined with regulators’ historical hesitancy toward cryptocurrency ETFs, raise doubts about the immediate future of spot ETH ETFs.

Amid this regulatory uncertainty, ETH’s market performance is noteworthy. In the past week alone, the value of the cryptocurrency has increased by 10%, with the price trading above $3,500 at the time of this writing.

ETH price is moving sideways on the 4-hour chart. Source: ETH/USDT on TradingView.com

Featured image by Unsplash, chart by TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025

AIXA Miner 2025 | AI-Driven Dogecoin Cloud Mining For Stable Daily Passive Income

June 24, 2025

Stably Introduces Stablecoin Development & Advisory Services For Institutions & Enterprises

June 24, 2025

Senior Trader Uses XRP To Start Bitcoin (BTC) Mining Machine, Earning $8,857 A Day

June 24, 2025

WF Holding Ltd Announces Entry Into The Digital Cryptocurrency Field

June 24, 2025

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

On the 7th, NFT transaction sales volume of immutable tower

June 24, 2025

Sequans starts $ 384M Bitcoin Treasury Initiative with Swan Bitcoin Partnership.

June 23, 2025

Dogecoin (DOGE) after collision

June 23, 2025

GAP 3 Partners FZCO Becomes Dubai’s First Regulated Virtual Asset Investment Advisor With Operational License From VARA

June 23, 2025

R0AR Lists On BitMart: $1R0R Makes CEX Debut

June 23, 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

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025

AIXA Miner 2025 | AI-Driven Dogecoin Cloud Mining For Stable Daily Passive Income

June 24, 2025

Stably Introduces Stablecoin Development & Advisory Services For Institutions & Enterprises

June 24, 2025
Most Popular

U.S. Spot Bitcoin ​ETF Achieves Record 18th Consecutive Day of Net Inflows

June 7, 2024

How to safely destroy paper seed phrase backups.

June 20, 2024

Bybit launches bot copy trading for automated social cryptocurrency trading

December 17, 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.