🤓 Bloomberg has reiterated its forecast that an Ethereum ETF will not be approved this year.

Bloomberg analyst Eric Balchunas repeated his prediction that the Securities and Exchange Commission (SEC) will reject applications for spot Ethereum ETFs on May 23.

The regulator still lacks interaction with potential issuers. Moreover, ETH has acquired an ambiguous regulatory status, and the Ethereum Foundation is under investigation by the SEC.

According to Balchunas, an Ethereum ETF might be launched in 2025.