Also, it is important to note that SEC followed different spot ETF evaluation mechanics at the backend, where the correlation between the spot and the Futures market was evaluated and studied.A higher correlation, closing in on 100% for ETH, was the secret sauce for speedyETHETFapproval. This...
British multinational banking giant Standard Chartered is standing by its $8000 ETH prediction for 2024 as the odds of a long-awaited Ethereum ETF approval have suddenly turned optimistic. In a recent conversation with The Block, the bank predicted that Ether spot ETFs will go live in the Unite...
Stay updated on the 2024 Ethereum ETF event with Cointelegraph. Get the latest news and insights on the ETH ETF, a groundbreaking development in the crypto space
While he conceded that this was a personal judgment, or “sixth sense,” didn’t form a big part of the calculus behind his odds for the ETF approval, he described it as being an important guiding factor nonetheless. “This just feels different to the Bitcoin ETF race. Whether it was ou...
Bloomberg ETF analyst Eric Balchunas has predicted a 70% chance of such an approval by May. One prediction market on Polymarket suggests that there is a 57% chance of an Ethereum ETF approval by May 31. Those odds are based on over $15,000 worth of cryptocurrency bets rather than any ...
Early on in 2024, analysts predicted that Ether ETFs would have a “clear path” to approval following the sweeping approval of 11 spot Bitcoin ETFs. At that time, the odds of a spot Ethereum ETF by May were pegged at 70 percent by Bloomberg ETF analyst Eric Balchunas, who laterreduced...
Eric Balchunas, a senior analyst at Bloomberg Intelligence, has underscored this regulatory-issuer gap, highlighting the divergent views on Ethereum ETF approval. In a sobering assessment, Balchunas pegged the chances of an Ethereum ETF gaining regulatory approval at a mere 25%, reflecting the pre...
Ethereum is the largest DeFi hub with a vibrant layer-two ecosystem in the crypto market. The blockchain constantly develops, making it a go-to choice for many Web3 developers. ETH, its native token, shows promise, and the possibility of an Ethereum ETF approval makes it favorable for day...
According to Polymarket, the current odds indicate a 45% likelihood of a spot Ether ETF approval by May 31. Furthermore, Bloomberg’s Eric Balchunas forecasts a 70% chance of approval for Ether ETFs. Bloomberg ETF analyst Eric Balchunas said he expects a 70% chance of an Ethereum spot ...
A spot Ethereum ETF approval may be more problematic than was the case with bitcoin, as there is the potential for Ethereum's underlying crypto asset to be classified as a security. Blackrock (BLK) CEO Larry Fink may have generated momentum for a spot Ethereum exchange...