Crypto market maker GSR reduces the probability of Ethereum spot ETF approval in May to 20%
2024-03-27 20:48:18
The cryptocurrency market maker GSR has reduced the likelihood of approval for Ethereum spot ETFs in May, from the previous 75% to 20%. GSR analysis suggests that the US SEC lacks active participation in the approval process and is influenced by political pressure. It is expected that the approval process for Ethereum spot ETFs may be extended until 2025 to 2026. Bloomberg analysts have also lowered the approval rate for Ethereum spot ETFs to 30%.
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