Analysts bearish on “Ethereum Spot ETF”! Grayscale remains confident of approval: Most issues resolved during Bitcoin ETF period.

Recently, there have been widespread rumors regarding the Securities and Exchange Commission’s (SEC) negative stance on Ethereum ETFs, leading to an increasing number of market analysts expressing doubts about the approval of a physical Ethereum ETF in May this year. According to a previous report by Zombit, Bloomberg ETF analysts Eric Balchunas and James Seyffart have previously expressed similar concerns, lowering the probability of approval for a physical Ethereum ETF in May to 25%. However, despite this, Grayscale, one of the companies that submitted an application, remains confident about the potential approval.