Senior Bloomberg ETF analyst Eric Balchunas says the chances of an ETH ETF approval grow slimmer every day the SEC maintains its radio silence with prospective fund issuers.
A lack of communication from the Securities and Exchange Commission around Ether (ETH) exchange-traded funds (ETFs) toward issuers could be a bad sign for those hoping for Ether ETF approvals by May.
Speaking to Cointelegraph, Bloomberg ETF analyst Eric Balchunas said there were more than a few reasons he’s now downgraded the chances of Ether ETF approval to just 35%.
“The main thing is the fact that we’re 73 days from the final deadline and there’s been no contact or comments from the SEC to the issuers. That’s not a good sign,” Balchunas said.
