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BitDegree 2024-03-20 13:40:16

Analyst Suggests May Approval for Ether ETFs Unlikely

Key Takeaways Bloomberg Intelligence analyst James Seyffart predicts a low likelihood of Ether ETF approvals in May, citing a lack of engagement between the SEC and issuers. The SEC's approach to Ether ETFs marks a departure from its previous, more collaborative processes with Bitcoin ETFs. Despite a strong lineup of issuers waiting in the wings, the prospects for a May approval of Ether ETFs appear increasingly slim.

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