Ethereum

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Leading expert&nbsp;<a href="https://x.com/EricBalchunas/status/1770453011321495889?s=20" rel="noopener noreferrer nofollow">Eric Balchunas</a> from Bloomberg provided an update on the anticipated approval of a spot Ethereum ETF amid recent developments in regulatory processes.&nbsp;
Recall that, yesterday, the SEC postponed decisions on the Hashdex and Ark 21 Shares applications to the end of May, indicating the necessity for a longer period to consider the proposed rule changes and issues raised.
With this in the background, Balchunas emphasized the slim chances of approval for the spot&nbsp;<a href="https://u.today/fidelitys-ethereum-etf-offering-gets-amendment" rel="noopener noreferrer nofollow">Ethereum ETF</a> in May, citing a lack of cooperation between U.S. regulators and potential issuers such as BlackRock, 21 Shares, ARK Invest and others, as was previously noted by Bloomberg analyst James Seyffart.
<blockquote>
 .<a href="https://twitter.com/JSeyff?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@JSeyff</a> has great note out today explaining our 25% odds, i love this timeline comparison chart. Btc spot comments from SEC came 91 days bf final deadline. We curr 65 days away with eth etf deadline. Tick tock.. <a href="https://t.co/Bkp4L0zoa8" rel="noopener noreferrer nofollow">pic.twitter.com/Bkp4L0zoa8</a>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1770453011321495889?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 20, 2024</a>
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Balchunas referenced his colleague's analysis, pointing out the stark contrast between the timeline for&nbsp;<a href="https://u.today/peter-schiff-names-main-problem-with-bitcoin-etfs" rel="noopener noreferrer nofollow">Bitcoin ETF</a> comments and the impending deadline for the&nbsp;<a href="https://u.today/eth-whales-cashing-out-massively-amid-ethereum-price-drop" rel="noopener noreferrer nofollow">Ethereum</a> solution. With only 65 days remaining until the deadline, the urgency for regulatory engagement intensifies, the expert believes.
<h2 dir="ltr" id="tick-tock">Tick tock</h2>
Speculation surrounding the approval hinges on various factors, including potential SEC commentary, market sentiment toward Ethereum's security and political pressures, according to the Bloomberg expert. He also hinted at a discernible apprehension within the regulatory landscape, suggesting a cautious approach in comparison to previous instances.
As the deadline approaches, financial market participants await further insights into the regulator's stance and the likelihood of Ethereum ETF approval, with implications, of course, extending across the crypto space. Balchunas' assessment there provides a glimpse into the complexities underlying the regulatory process and its implications for investors and industry participants.

When Ethereum ETF? Leading Expert Gives Update on Chances of Approval

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