GSR Cuts Ether Spot ETF Approval Likelihood to 20% in May

Crypto market maker GSR has reportedly lowered the likelihood of Ether Spot ETF approval in May to 20% from the previous 75%.GSR's analysis suggests that the lack of active participation of the U.S. SEC in the approval process and political pressures are affecting the process, and it is expected that the approval process for Ether Spot ETFs could be prolonged until 2025 to 2026. Bloomberg analysts also downgraded the chances of Ether Spot ETF approval to 30%.