Ethereum ETF Approval Unlikely This Week, Says Top Crypto Analyst: 72-Hour Window 'Weird And Almost Impossible To Establish'
Portfolio Pulse from Aniket Verma
Top crypto analyst Michaël van de Poppe suggests that the approval of spot Ethereum ETFs by the SEC is unlikely this week, predicting a delay until July/August. Despite a 75% approval chance, the presence of ETH staking in applications could cause delays. Several applicants have amended their filings to remove staking, potentially improving approval chances.
May 22, 2024 | 5:52 am
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Ark/21Shares is among the applicants that have amended their Ethereum ETF filings to remove staking, potentially improving approval chances. However, analyst Michaël van de Poppe predicts a delay in approval until July/August.
Ark/21Shares' amendment to remove staking from its Ethereum ETF filings could improve approval chances, but the predicted delay in approval may result in a neutral short-term impact on Ark Invest's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Franklin is among the applicants that have amended their Ethereum ETF filings to remove staking, potentially improving approval chances. However, analyst Michaël van de Poppe predicts a delay in approval until July/August.
Franklin's amendment to remove staking from its Ethereum ETF filings could improve approval chances, but the predicted delay in approval may result in a neutral short-term impact on Franklin's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Michaël van de Poppe predicts a delay in the approval of Ethereum ETFs by the SEC until July/August, despite a 75% approval chance. The presence of ETH staking in applications could cause delays, but several applicants have amended their filings to remove staking.
The prediction of a delay in Ethereum ETF approval by a well-known analyst could create uncertainty in the market, leading to a neutral short-term impact on ETHUSD. However, the amendments to remove staking could improve approval chances in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Fidelity is among the applicants that have amended their Ethereum ETF filings to remove staking, potentially improving approval chances. However, analyst Michaël van de Poppe predicts a delay in approval until July/August.
Fidelity's amendment to remove staking from its Ethereum ETF filings could improve approval chances, but the predicted delay in approval may result in a neutral short-term impact on Fidelity's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Invesco/Galaxy is among the applicants that have amended their Ethereum ETF filings to remove staking, potentially improving approval chances. However, analyst Michaël van de Poppe predicts a delay in approval until July/August.
Invesco/Galaxy's amendment to remove staking from its Ethereum ETF filings could improve approval chances, but the predicted delay in approval may result in a neutral short-term impact on Invesco's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
VanEck's spot Ether ETF fund is listed on the DTCC website, an important step in the listing process. However, approval is unlikely this week according to analyst Michaël van de Poppe, who predicts a delay until July/August.
The listing of VanEck's spot Ether ETF fund on the DTCC website is a positive step, but the predicted delay in approval could neutralize any immediate positive impact on VanEck's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70