Bloomberg ETF Analyst: Likelihood of Ether Spot ETF Approval Drops to 30% in May

Eric Balchunas, senior ETF analyst at Bloomberg, said the likelihood of an ethereum spot ETF being approved in May has been reduced to 30% from 60-70%, a figure he previously said in January could be 70%. However, crypto market maker GSR still sees approval as more likely than not, but is prepared to lower the likelihood of approval if there is no progress next month.