Bloomberg Analyst: Spot Ether ETF Has About 60% Chance of Approval in May

James Seyffart, an analyst at Bloomberg Intelligence, said there's about a 60 per cent chance the spot ethereum ETF will be approved in May. My base case prediction is that there's about a 60 per cent chance or so that it will be approved, but there are a lot of ways they can delay it," he said. If the SEC wants to be ready and wants all issuers to go public at the same time, they will probably approve on 23 May unless the SEC can find some way to reject or delay the whole process and take action". If the May approval is unsuccessful, Seyffart believes the resolution will be delayed until 2025.