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Spot Ether ETFs Have 85% Chance of Being Approved in May

The pending spot Ether ETF applications have an 85 percent chance of being approved by the SEC in May, according to an analysis by My Betting Edge.

The analysis is restricted to the current pending Ether ETF applications in the US, and does not cover future applications that may be filed.

My Betting Edge also emphasized that these percentage odds are for at least one of the ETFs being approved, not all of them.

In early February, the U.S. Securities and Exchange Commission (SEC) postponed making a decision regarding a proposed spot ether (ETH) exchange-traded fund (ETF), a collaboration between Invesco and Galaxy Digital.

The new financial product aims to offer professional investors a direct avenue to invest in spot ether, providing an alternative to the current method of investment through ether futures listed on the Chicago Mercantile Exchange (CME), which has been one of the few options for regulated investors and funds in the U.S. to invest in the growth of Ethereum.

James Seyffart, an analyst at Bloomberg Intelligence, commented that the postponement by the SEC was anticipated.

Earlier in January, the SEC had also deferred its decision on a similar application by Grayscale Investments, which sought to transform its Ethereum trust product (ETHE) into an ETF, as well as on an application for an ether ETF by BlackRock.

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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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