According to Odaily, Eric Balchunas, a Bloomberg analyst, has stated that the chances of an Ethereum ETF being approved have risen from 25% to 75%. This significant increase in probability comes amidst rumors that the SEC may make a 180-degree turn on this issue, which is becoming increasingly politicized.
In light of these developments, many are preparing fervently, believing that the proposal might be rejected, just like others before it. Balchunas, however, has capped the probability at 75% until more evidence, such as application updates, is available. This news indicates a potential shift in the regulatory landscape for cryptocurrency ETFs, particularly for Ethereum, one of the leading digital currencies.