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 Probability Pessimistic 25%: Bloomberg Analyst
ETHEREUM NEWS

Ethereum Spot ETF Probability Pessimistic 25%: Bloomberg Analyst

By Crypto FlexsMarch 29, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Spot ETF Probability Pessimistic 25%: Bloomberg Analyst
Share
Facebook Twitter LinkedIn Pinterest Email

Analysts are optimistic about the possibilities. Ethereum spot exchange-traded fund (ETF) approved May approvals continue to decline, with once-optimistic Bloomberg Intelligence senior analyst Eric Balchunas lowering his forecast for product approvals to just 25%.

Ethereum spot ETF odds continue to fall.

Eric Balchunas, who said in May that there was still only a 25% chance that the U.S. Securities and Exchange Commission (SEC) would approve an Ethereum ETF, expressed his pessimism with an post. According to Balchunas, if he could do that, he would probably go lower, which hints at how uncertain analysts are about the product.

The Bloomberg expert’s insights are consistent with colleague James Seyffart’s post on Bitwise Invest’s latest Ethereum ETF filling. on Thursday, By bit Invest registered shares of the ETH ETF with the SEC using the Form S-1 registration statement, which is the first step in applying for an exchange product.

A Form 19b-4 announcing the company’s intention to list the ETF on a stock exchange was filed after this form. Bitwise plans to issue shares of its ETH investment vehicle on NYSE Arca, according to a 19b-4 amendment filed with the SEC.

Both filings come amid rumors that the SEC is seeking to classify them. ETH This raises concerns about the future listing of the ETH ETF as a security subject to regulatory scope. Bitwise Invest is the latest asset firm to join the ETH ETF race, signaling the company’s confidence in approval by the May deadline.

While some in the cryptocurrency world have welcomed the move as a hint that regulators will soon approve it, experts like Eric Balchunas remain unconvinced and warn that the chances remain slim.

Balchunas said he has been tagging tweets about Bitwise’s latest filing, ETH correlation study, and other ETH ETF Hopium. Despite his high praise for the development, he still believes the chances of approval are very low.

Moreover, with seven weeks remaining until the May deadline, Balchunas noted that the SEC’s radio silence remains depressing. “Again, personally I hope they approve, but I want to get the call right so we can be a perfect 4-4 on our cryptocurrency ETF predictions,” he added.

New Correlation Part of Bitwise’s ETH ETF Filing

Bitwise’s recent spot Ethereum ETF filing is worth noting. include A new correlation analysis has been released. This is the first ETH correlation analysis that mimics ETH’s exact valuation process. Bitcoin (BTC) It provides promising results by the SEC.

Bitwise has conducted several studies to specifically reflect the SEC’s assessment of Bitcoin. This includes the same 2.5-year sample period, the exact intraday correlation interval, and the same correlation statistics.

For hourly, 1-minute, and 5-minute correlations, the difference in correlation values ​​over the entire sample period is limited to 0.2%, 8%, and 5%, respectively.

ETH is trading at $3,536 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

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
Add A Comment

Comments are closed.

Recent Posts

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 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

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025
Most Popular

Vitalik Buterin reveals 6 key focuses for Ethereum in 2024.

January 1, 2024

Trendline Strategy Simplified

March 6, 2024

Blast removes ‘L2’ from X username and reduces withdrawal time from 14 to 7 days.

July 17, 2024
  • 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.