Recently, there have been widespread rumors about the Securities and Exchange Commission (SEC) adopting a negative attitude towards an Ethereum ETF, leading to increasing skepticism among market analysts regarding the approval of an 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 have lowered the probability of Ethereum spot approval in May to 25%. However, despite this, Grayscale, one of the companies that has submitted an application, remains confident in the potential approval.

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Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …