Ethereum (ETHUSD)

[ap17]

ETHEREUM ETF ON ITS WAY🚨
BREAKING: Bloomberg analysts revise ETH ETF approval odds to 75% amid rumours of SEC flip

Ethereum
Well well well….

We told you to have faith.

The Bloomberg analysts have now increased their odds of an Ethereum ETF approval from 25% to 75%. 🚀

Sources have explained that the SEC has now asked ETF applicants to update their 19b-4 filings.

EB tweet
The main reason the Bloomberg ETF analysts initially had low odds of an Ethereum ETF approval was the lack of engagement from the SEC.

Today, that changed.

Here’s how Nate Geraci, president of ETFStore, now predicts things will play out:

SEC will approve the 19b-4s - this is the filing necessary to introduce a new product

SEC will then “slow play” the S-1s - this is the filing necessary for the new product to officially begin trading

It’s not known how long the SEC could wait to finally approve these S-1 filings.

But, ETF analyst James Seyffart had this to say:

“We also need S-1 approvals. It could be weeks to months before we see S-1 approvals and thus a live Eth ETF… That said, if we're correct and we see these theoretical approvals later this week. It should mean that S-1 approvals are a matter of 'When' not 'If'“


James Seyffart
However, this delay may end up being beneficial for Ethereum in the long-run.

As we discussed a while ago, institutional investors are still digesting the Bitcoin ETFs.

Adding in Ethereum a couple months after the Bitcoin ETFs would just complicate the conversations.

As this news broke out, the price of ETH rocketed up 18.5% to ~$3,650. 🚀

ETH price
ETH boomed off the back of this news

Here’s a breakdown of all issuers currently in the Ethereum ETF race:


VanEck’s final decision deadline is the first to come up.

All eyes are now on May 23rd…

Under 48 hours to go.

We’re now extremely confident we’ll see an approval on this date.

“Don’t get distracted, fun times are ahead…”