Following the U.S. SEC’s approval of 11 spot Bitcoin ETFs, industry analysts believe that the likelihood of a spot ETH ETF gaining regulatory approval has greatly increased.
Bloomberg ETF analyst Eric Balciunas said he estimated there was a 70% chance that a spot ETH ETF would be approved in May — the month the SEC must make final decisions on several applications — though he said the timing of the launch was unclear.
James Seifat, another Bloomberg ETF analyst, also shared Balchunas’ optimism, citing the SEC’s implicit endorsement of Ethereum as a commodity when it approved ETH futures in September. This further strengthens the case for a spot Ethereum ETF.
Well-known institutions and asset managers including BlackRock, VanEck, ARK 21Shares, Fidelity, Invesco Galaxy, Grayscale, and Hashdex have already applied for spot Ethereum ETFs, eagerly awaiting approval from the U.S. Securities and Exchange Commission.
