SEC delays Ark, Hashdex Ethereum spot ETF, Bloomberg analyst: no longer optimistic about May passage
With the U.S. Securities and Exchange Commission (SEC) once again delaying the approval of the VanEck and Hashdex Ethereum spot ETF, Bloomberg ETF analyst James Seyffart is even more pessimistic about the possibility of an Ethereum ETF approval. He pointed out that the SEC has not even contacted the issuer regarding issuance details, which is in stark contrast to last year's Bitcoin ETF.
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SEC Delays Ark, Hashdex Ethereum Spot ETFs
According to official documents, the SEC has delayed the Hashdex Ethereum ETF to May 30th and the Ark Ethereum ETF to May 24th.
The reason for the delay, as always, is to provide adequate time for the SEC to consider proposed rule changes and address any issues raised.
There are currently a total of seven issuers:
Fidelity
VanEck
Hashdex
Grayscale
BlackRock
21Shares and Ark
Invesco and Galaxy
Standard Chartered previously believed that the Ethereum spot ETF would be approved in May, but Bloomberg ETF analysts James Seyffart and Eric Balchunas have different views from last year when they favored the approval of the Bitcoin ETF.
Standard Chartered: Ethereum Spot ETF may still be approved in May, ETH could reach $8,000 by year-end
No Longer Optimistic about Ethereum Spot ETF Approval
Eric Balchunas stated on March 11th that the probability of the Ethereum spot ETF being approved in May has dropped to 35%, but he also emphasized that 35% does not mean there is no chance, and in the long run, he believes approval will eventually happen.
Bloomberg Analyst: Probability of Ethereum Spot ETF Approval in May Drops to 30%
However, James Seyffart's view is more pessimistic. He tweeted:
My optimism about the Ethereum ETF has changed in recent months, and now we believe it will be rejected on the final deadline of May 23rd. The SEC has not yet contacted the issuers regarding the specifics of the ETF issuance, which is completely different from last year's Bitcoin ETF.
