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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/prospects-of-spot-ethereum-etf-approval-by-may-at-60/" data-wpel-link="internal">Prospects of Spot Ethereum ETF Approval by May at 60%</a> 
<a href="https://en.coin-turk.com/significant-growth-in-bitcoin-accumulation-revealed/" data-wpel-link="internal">Bitcoin</a> has led corporate investors to show interest in investing in some of the leading altcoins. Top <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">financial</a> players like the world’s largest asset management company BlackRock are currently trying to get approval from the US Securities and Exchange Commission (SEC) for a spot Ethereum ETF, which is indicative of this trend. 
<h2 style="text-align: justify" id="strong-spot-ethereum-etf-s-chance-of-approval-in-may-at-60-strong">Spot Ethereum ETF’s Chance of Approval in May at 60%</h2> 
Bloomberg ETF analyst James Seyffart has suggested that the chance of spot Ethereum ETFs being approved in May is estimated at 60%. However, recent postponements of decisions on potential spot Ethereum ETFs by the SEC, involving BlackRock and Grayscale, have affected this probability. Other ETF issuers, including Ark 21Shares and VanEck, are also awaiting the regulator’s decision on spot Ethereum ETFs. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-308002" src="https://coin-turk.com/wp-content/uploads/2024/01/Spot-Ethereum-ETF.jpeg" alt="" width="1280" height="720"> 
According to Seyffart, May 23 is the most important date for the spot Ethereum ETF narrative. On this date, the SEC’s 240-day period to make a decision on the proposals from Ark/21Shares and VanEck will expire. Speaking to Blockworks, Seyffart said, “My estimate is still around a 60% chance they will approve, but there are many possibilities for delays. Therefore, if the SEC wants to prepare and give approval to everyone at the same time, they might reject or postpone all of them, or do whatever they want to do, and if that’s the case, they will probably do it on May 23rd.” 
However, the SEC also has the option to request potential issuers to withdraw their applications on the final decision date. According to Seyffart, if the SEC asks Ark/21Shares or VanEck to withdraw their applications, it would be a positive sign indicative of potential approval. The Bloomberg ETF analyst added that “the SEC might need more time for Ethereum compared to Bitcoin.” Seyffart also noted that if the SEC does not approve the spot Ethereum ETF in May, the approval might be postponed to the following year. 
<h2 style="text-align: justify" id="strong-long-term-approval-of-spot-ethereum-etf-almost-guaranteed-strong">Long-Term Approval of Spot Ethereum ETF Almost Guaranteed</h2> 
Scott Johnsson, a general partner at Van Buren Capital, shared his views on the potential roadmap for a spot Ethereum ETF in his latest article on X Thursday. Accepting the current claims, Johnsson emphasized that the long-term approval of a spot Ethereum ETF is almost certain. 
Johnsson pointed out that the existence of Ethereum futures ETFs is a positive factor for potential approval, as the SEC has approved spot Bitcoin ETFs based on similar reasoning. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/prospects-of-spot-ethereum-etf-approval-by-may-at-60/" data-wpel-link="internal">Prospects of Spot Ethereum ETF Approval by May at 60%</a></h5>

Prospects of Spot Ethereum ETF Approval by May at 60%

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