Refuting Rumors of SEC’s Failure to Engage with Issuers, Grayscale’s Legal Counsel Demonstrates Strong Confidence in Ethereum Spot ETF.

Bloomberg ETF analyst Eric Balchunas said on March 11th that the likelihood of an Ethereum spot ETF being approved in May has decreased to 35%. However, he emphasized that 35% does not mean there is no chance at all, and he believes that approval will eventually happen in the long run.