SEC Approval of Spot Ethereum ETF Unlikely, Says Bloomberg Analyst
Bloomberg ETF analyst Eric Balchunas is skeptical about the SEC approving a spot Ethereum (ETH) ETF by late May. Reasons for Pessimism Delayed Approval Process: The SEC has not yet provided comments to issuers, which typically precedes multiple rounds of feedback and revisions. SEC Chair’s Views: Balchunas believes SEC Chair Gary Gensler considers Ether a…