Analysts speculate about a potential rethink by the SEC on denying a spot Ether ETF.

Two ETF analysts in the United States are reconsidering the possibility of the Securities and Exchange Commission (SEC) approving a spot Ether (ETH) ETF. Bloomberg analysts James Seyffart and Eric Balchunas have revised their prediction on the approval chances of spot Ether ETFs from 25% to 75%. Previously, it seemed that the SEC was preparing to deny applications for spot Ether ETFs based on filings, public statements from SEC Chair Gary Gensler, and reports of investigations. However, recent “chatter” has led the analysts to believe that the SEC might be changing its stance. The SEC is currently reviewing VanEck’s spot Ether ETF application and must make a decision before May 23. Other companies, including ARK 21Shares, Hashdex, Invesco Galaxy, BlackRock, and Fidelity, are also awaiting the SEC’s decision on their spot Ether ETF applications. The approval of spot Ether ETFs could have significant implications for the cryptocurrency market.