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Crypto Twitter has been awash with negative takes on the probability of ETH ETF approval, which were only reinforced this morning by a slew of negative headlines. What’s FUD, what’s truth, and is there an opportunity here?
Bloomberg’s ETF Analysts, who correctly anticipated the approval of spot BTC ETFs, have become increasingly pessimistic on the odds of spot ETH ETF approval in recent weeks. They cite the SEC’s failure to engage with ETF applicants on specifics of their applications as the driving motivator behind their shift in expectations.
My cautiously optimistic attitude for ETH ETFs has changed from recent months. We now believe these will ultimately be denied May 23rd for this round. The SEC hasn't engaged with issuers on Ethereum specifics. Exact opposite of #Bitcoin ETFs this fall. https://t.co/TyAzAOrAC5
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