Six analysts have shared their forecasts regarding the potential approval of Ethereum Spot ETFs in May. The recent success of Bitcoin ETFs, which attracted significant investments, has heightened expectations for Ethereum ETFs.
Matt Hougan, Bitwise CIO, believes that approval for ETH ETFs should be straightforward, similar to the approval process for Bitcoin ETFs. Vance Spencer, co-founder of Framework Ventures, expects direct approval unless there are unforeseen reasons for rejection.
Analysts suggest that influencers like BlackRock CEO Larry Fink could help address regulators’ concerns. However, potential obstacles include the consideration of Ethereum staking by some ETF companies and the uncertain legal status of Ethereum (one of the top 10 Altcoins).
Ethereum Futures ETFs’ relative newness and lower liquidity than Bitcoin could also pose challenges. Despite these hurdles, some analysts project a 60% to 70% chance of approval in May, while others are more cautious or skeptical about approval in 2024.
The SEC‘s response to the initial spot ETH ETF application by VanEck will be crucial in determining the outcome.
Source: BitcoinSistemi
