Grayscale ETF Director: There is a 50% chance that the spot Ethereum ETF will be approved in May

Dave LaValle, the head of Grayscale ETF, was asked at the annual ETF conference in Miami what the company would do if the SEC refused Grayscale's request to convert its Ethereum Trust into a spot ETF. LaValle said that Grayscale will "have to wait and see" and added that he believes there is a 50% chance of approval in May.