The approval of Bitcoin ETFs was a major foot in the door for Ether ETFs, Keyrock’s CEO Kevin de Patoul told Cointelegraph.
While the approval of spot Ether exchange-traded funds (ETFs) is yet to be decided, it’s far from being a “done deal,” Kevin de Patoul, the CEO of digital asset market maker Keyrock, told Cointelegraph in an exclusive interview on Feb. 23.
Ether ETFs have taken center stage in the cryptocurrency industry after wealth management firm Bernstein recently suggested that Ether may be the only other crypto to receive an ETF this year. Bernstein foresees a 50% chance of Ether ETFs being accepted by May 2024.
Investment banking giant JPMorgan sees a 50% chance of an Ether ETF by May, and Bloomberg’s senior ETF analyst, Eric Balchunas, forecasts a 70% chance of approval. Polymarket odds predict a 42% chance of an ETF approval by the end of May.
