Why Is The Ethereum Spot ETF Decision Still To Be Announced? Bloomberg Analyst Provides Latest Insights

While everyone is waiting for the SEC’s decision on Ethereum Spot ETFs, there is no development yet, even though it is 23:30.

Bitcoin Spot ETFs were approved at 11:15 p.m.

Regarding the delay, Bloomberg ETF analyst Eric Balchunas said:

“Bloomberg Analyst Eric Balchunas: “No development yet. We’re waiting to hear something. I’ve seen two different people here claim (without citing their sources) that it’s been delayed until later in the night, but we can’t confirm that with anyone yet. That’s all we know right now. Although it hasn’t been confirmed.” “Given that the Trading & Markets department was notified at the last minute, a slight delay isn’t that crazy. However, everything we’ve heard suggests it will be approved.”

However, a decision must be made today regarding VanEck’s application for Ethereum Spot ETFs, either rejection or approval.

*This is not investment advice.

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