According to a previous report by Zombit, Eleanor Terrett, a reporter from “Fox Business,” recently revealed concerns in the market regarding Ether spot ETFs. Besides Eleanor Terrett, other industry professionals also expressed similar doubts yesterday.
Jake Chervinsky, the Chief Legal Officer of Variant Fund, shared his skeptical attitude towards Ether spot ETFs on the X platform last night. In his article, Chervinsky listed many reasons emphasizing that the possibility of the Securities and Exchange Commission (SEC) rejecting the approval of Ether spot ETFs is higher when viewed from the SEC’s standpoint.
Looking back at the time before the approval of Bitcoin spot ETFs by the SEC, there were rumors circulating in the market that many SEC staff were actively working on related matters. However, so far, we have not seen the same signals or reports regarding Ether spot ETFs. With only over two months left until the deadline on May 23, if the SEC continues to remain silent, the probability of rejection will increase. Jake Chervinsky stated:
Meanwhile, Eric Balchunas, an ETF analyst from Bloomberg, also posted on the X platform, stating that he has lowered the probability of Ether spot ETF approval from his January estimate of 70% to 35%. Eric Balchunas said:
James Seyffart, another Bloomberg analyst, also agrees with Eric Balchunas’ thoughts and states that he has not seen any substantial progress between issuers and the SEC regarding Ether spot ETFs, which makes him increasingly pessimistic.
