Cointelegraph related report: Industry authorities believe that there is a clear path for the approval of a spot Ethereum ETF in 2024.
Bloomberg ETF analyst Eric Balchunas previously told Cointelegraph:
He believes that there is no reason for an Ethereum ETF not to be approved after the approval of a Bitcoin ETF. After the SEC approved the Bitcoin spot ETF, the SEC must make final decisions on multiple applications in May. It is expected that the possibility of the approval of an Ethereum spot ETF in May is 70%, but he mentioned that the launch time is not yet clear.
The SEC needs to make decisions on multiple Ethereum spot ETFs before the end of May. The SEC must make a decision on Grayscale's application to convert the ETH trust into an ETF by June 18, and make a decision on Invesco's application by July 5. The applications from Fidelity and BlackRock must be decided on by August 3 and August 7, respectively!
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