Bloomberg analyst James Seyffarth said the chance of approval for spot Ethereum ETFs is about 60%.

In his opinion, the US Securities and Exchange Commission (SEC) has many options to postpone the decision.

However, if the regulator is still ready to give the green light to new products, then this will be done by the deadline of May 23.

If there is no approval in May, the decision will be postponed until 2025.

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