PANews reported on May 21 that Eric Balchunas, a senior analyst at Bloomberg, tweeted that he heard some rumors this afternoon that the SEC might make a 180-degree turn in its stance on the approval of the Ethereum spot ETF (this issue is becoming increasingly political), and therefore raised the probability of approval of the Ethereum spot ETF from 25% to 75%. Now everyone is desperately preparing (like us, everyone else thinks it will be rejected). But before seeing more evidence, such as applying for an update, the probability cap will be set at 75%. Subsequently, Bloomberg analyst James Seyffart responded on Twitter that Eric Balchunas raised the probability of approval of the Ethereum spot ETF to 75%. But this is only for the 19b-4 document (change in trading rules), and we also need the S-1 (registration statement) to be approved. It may take several weeks to months for the S-1 approval and the actual launch of the Ethereum ETF.
