Bloomberg Analyst: Probability of Ethereum Spot ETF Approval in May Drops to 30%

Bloomberg ETF analyst Eric Balchunas recently lowered the probability of an Ethereum spot ETF passing in May to 35%, while another analyst, James Seyffart, lowered his expectation to 30%. Seyffart mentioned in an interview that he has not yet heard any meaningful discussions between SEC staff and issuers, and he believes the key still lies in whether the ETF will use cash redemption or physical redemption.