Expected Approval of Ether ETFs by SEC
- Despite low approval odds from analysts and the crypto community, some experts suggest a potential surprise approval of Ether ETFs by the SEC.
- Crypto trader Matthew Hyland notes that if approval occurs, many will be caught offside, and the expectation of denial is already priced into the crypto market.
- Bloomberg ETF analyst Eric Balchunas estimates a 35% approval chance, while the crypto community predicts around 7% according to Polymarket.
- Coinbase institutional research analyst David Han believes the odds of approval are closer to 30-40% and suggests the SEC may be less likely to deny the ETFs as crypto becomes a more prominent issue for voters leading up to the US election.
- Han also notes that even if the ETF applications are initially denied, litigation could potentially overturn the decision.
Overall, while the majority of analysts and the crypto community expect a denial, some experts suggest a possible surprise approval, which could catch many off guard.
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