#etfethereum
According to Eric Balchunas, the approval odds for Ethereum spot ETFs have increased significantly, reaching 75%.
This notable increase is specifically related to the 19b-4 filing made by VanEck on May 19, 2024.
However, it is important to note that this optimistic figure refers only to said presentation. There is still one crucial process ahead: obtaining S-1 approvals. These approvals are essential for an Ethereum spot ETF to see the light of day and this process could take weeks or even months.
In summary, while progress is promising and the odds of success have improved, the reality is that final approval of an Ethereum spot ETF remains a complex and lengthy process.
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