Ether ETFs Likely Won’t Get Approved in May

Bloomberg is gated but CoinDesk have the piece up:

• Bloomberg analyst James Seyffart believes a spot ether exchange-traded fund won’t get approved in May.
• Seyffart and his colleague had previously seen a 35% chance that one or more of the issuers will receive a green light.
• Seyffart noted that the SEC hasn’t gone back and forth with issuers over the spot ether ETF, a contrast to the extensive discussions that took place before spot bitcoin ETFs were approved in January.

ETH update:

This article was written by Eamonn Sheridan at www.forexlive.com.