Ethereum ETF approval odds shrink to 'pessimistic 25%'
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By this time in the Bitcoin ETF approval process, the regulator had also met with the exchange platforms where these offerings were meant to trade. The absence of these engagements with prospective Ethereum ETF issuers makes the likelihood very low. Re Eth ETF approval, we are holding the line at 25% odds altho tbh it is a very pessimistic 25%. The lack of engagement seems to be purposeful vs procrastination. No positive signs/intel anywhere you look. Personally hope they do approve it but it just ain't looking good.
One major hindrance to spot Ethereum ETF approval is the concern the market regulator might be nursing regarding its potential Recent reports highlight that the Ethereum Foundation is under investigation by an unnamed state authority. Then reports came in that the U.S. SEC has issued subpoenas to businesses that have links with Ethereum to understand the nature of their association.
Charter on X also holds that many are not pleased with the approval of the Bitcoin ETF by the SEC, and holding off on Ethereum’s might be the regulator’s way of righting its perceived wrong.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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