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TechFlow news, according to TheBlock, Bloomberg ETF analyst Eric Balchunas has lowered the likelihood of spot Ethereum ETF approval in May from 60-70% to 30%.
Market maker GSR still believes the chances of approval are higher than rejection, but is prepared to reduce the probability if there is no progress next month.
Investment banks JPMorgan and TD Cowen estimate that a spot Ethereum ETF will not be approved by May.
Bloomberg ETF analyst Eric Balchunas has lowered the likelihood of spot Ethereum ETF approval in May from 60-70% to 30%. Market maker GSR still believes approval is more likely than not, but stands ready to reduce its probability estimate if there is no progress next month. Investment banks JPMorgan and TD Cowen also estimate that a spot Ethereum ETF will not be approved by May.
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