Bloomberg exchange-traded funds (ETFs) analyst Eric Balchunas believes the odds of the U.S. Securities and Exchange Commission (SEC) approving a spot Ethereum (ETH) ETF by late May are low.
Responding to a question regarding a post he published on the social media platform X saying he’s pessimistic about the approval of an ETH spot ETF, Balchunas says in an appearance on the David Lin YouTube channel that one of his reasons is that the process of approval is running behind schedule.
“The final due date is May 21st, I believe. We are now six weeks away, the SEC hasn’t given any comments yet to the issuers. Comments meaning the issuers give them these regulatory filings, the SEC normally would write back to them and say,
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