Despite skepticism from the crypto community about the approval of Ether exchange-traded funds (ETF) by the US Securities and Exchange Commission (SEC), some analysts believe there could be a surprise approval. Crypto trader Matthew Hyland suggests that the expectation of denial is already factored into the market. Bloomberg ETF analyst Eric Balchunas gives a 35% chance of approval, while the broader crypto community estimates a 7% chance. David Han from Coinbase, however, believes the odds are closer to 30-40%. He suggests that as crypto becomes a key election issue, the SEC may be less likely to deny the ETFs.