After Franklin Templeton applied for a spot Ethereum ETF, multiple analysts increased the chances of the spot Ethereum ETF being approved in May, including:
1. The probability of approval on the decentralized prediction market Polymarket rises to 48%;
2. Bloomberg analyst James Seyffart predicts a 60% chance of approval;
3. JPMorgan analyst Nikolaos Panigirtzoglou predicts a 50% chance of approval in May;
In addition, Standard Chartered said it expects the U.S. Securities and Exchange Commission (SEC) to give the green light by May 23, although TD Cowen believes that a spot Ethereum ETF will not be approved until 2025 or 2026. (Cryptoslate)