GSR Analyst: 75% Chance of Ethereum Spot ETF Approval in May

Matt Kunke, a research analyst at crypto market maker GSR, believes there is a 75% chance of approval for an Ethereum spot ETF in May. This optimistic outlook is based on Grayscale's victory in the appeal court and subsequent approval of Ethereum futures ETFs, indicating that approval for a spot Ethereum ETF is just a matter of time. Kunke adds that if the SEC rejects the current Ethereum spot ETF application in May, an appeal would be inevitable. In such a scenario, he believes the SEC would choose the path of least resistance and approve these products while maintaining a skeptical stance towards other cryptocurrencies.