Bloomberg ETF Analyst: Ethereum Spot ETF May Not Be Approved Until the End of 2025

According to DL News, Bloomberg ETF analyst Eric Balchunas pointed out that due to lack of meaningful interaction with potential issuers and the uncertainty of Ethereum's regulatory status, the US Securities and Exchange Commission (SEC) may reject the application for Ethereum spot ETF on May 23. Balchunas further predicted that it may take until the end of 2025 for Ethereum spot ETF to be realized. In addition, he also mentioned the potential impact of the 2024 US presidential election, pointing out that if former President Trump wins a second term, the SEC may undergo leadership changes, and the new president may adopt a more crypto-friendly policy than current SEC chairman Gary Gensler.