GSR lowers expected likelihood of Ethereum spot ETF approval in May to 20%

BlockBeats news, on March 28, according to The Block, market maker GSR analyst Brian Rudick said in a report on Wednesday that he believes the possibility of the SEC approving a spot Ethereum ETF in May this year is 20%, which is relatively high. This is a significant downward revision from the 75% probability predicted by GSR in January. Analysts say there is some political pressure on the U.S. Securities and Exchange Commission not to approve more digital asset ETFs. The U.S. Securities and Exchange Commission’s investigation into whether Ethereum is a security may significantly reduce the likelihood of approval. Regulators may seek to avoid turning the potential approval of an Ethereum spot ETF into “another big-money event.” Regarding future expectations, analysts believe that any approval process for a spot Ethereum ETF may take longer and may be affected by some litigation events. It now believes that the spot Ethereum ETF is most likely to be approved in 2025 to 2026.