Market maker GSR has reduced the probability of Ethereum spot ETF approval in May from 75% to 20%
Cryptocurrency market maker GSR has reduced the likelihood of Ethereum spot ETF approval in May from the previous 75% to 20%. GSR stated that the U.S. SEC lacked active participation in the approval process and was influenced by political pressure. The approval process for Ethereum spot ETF is expected to be extended to between 2025 and 2026. Bloomberg analysts have also lowered the chances of Ethereum spot ETF approval to 30%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The proportion of Bitcoin holders at a loss is declining
Euro remains stronger against Canadian Dollar following Eurozone HICP inflation data
Innovative Drug Export: Why Is This Window Two Weeks Later So Important?
Why did India suddenly make massive purchases of US Treasuries? July net purchase hit a record $15.2 billion, with a special swap mechanism as the key factor
Benefiting from a special arrangement by the Reserve Bank of India to attract overseas capital, India purchased a record amount of US Treasury bonds in July due to large capital inflows.
Crypto prices
More
