TechFlow news, according to Cointelegraph, Bloomberg ETF analyst Eric Balchunas said the probability of spot Ethereum ETF approval in May is 70%, while hinting that he "heard through back channels that the spot Ethereum ETF will be good."
However, digital asset lawyer Joe Carlasare believes the approval of a spot Ethereum ETF may take longer than expected, as the U.S. Securities and Exchange Commission is also working carefully to establish a precedent that preserves its discretion in determining which digital asset ETFs are allowed to enter the market.
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