A JP Morgan (JPM) analyst put the odds of the SEC approving an ETH-based ETF by May at no more than 50%, in a recent report. Bloomberg's seasoned ETF expert James Seyffart said delays for spot ether ETF proposals will likely "continue to happen sporadically" over the next few months.
The situation seems even less cut-and-dried than the case for bitcoin ETFs, which recently went live after much dillydallying by the SEC. For years, the SEC hesitated approving bitcoin funds over fears of potential market manipulation.
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