Recent rumors about the Securities and Exchange Commission (SEC) taking a negative stance towards Ethereum ETF have caused increasing skepticism among market analysts regarding the approval of the Ethereum spot ETF in May this year. According to a previous report by Zombit, Bloomberg ETF analysts Eric Balchunas and James Seyffart have expressed similar concerns and reduced the probability of approving the Ethereum spot to 25% in May. However, Grayscale, one of the companies that submitted the application, remains confident in the potential approval.
