The probability of SEC approving the Ethereum spot ETF before 5/23 is decreasing.
In early March, the SEC once again postponed the approval of the BlackRock Ethereum ETF, while the controversial issue of Ethereum’s staking functionality and yield remains. Previously, Bloomberg ETF analyst James Seyffart stated to the foreign media Blockworks on January 26th that he believed there is a 60% chance that the SEC will approve all Ethereum spot ETFs in May this year. On the contrary, if it does not pass on May 23rd, he believes we will have to wait until 2025.
