SEC postpones Ark, Hashdex Ethereum spot ETF! Analysts no longer optimistic about May pass

The U.S. Securities and Exchange Commission (SEC) has once again delayed approval of the Ark and Hashdex Ethereum spot ETFs, making Bloomberg ETF analyst James Seyffart even more pessimistic about the prospects of Ethereum ETF approval. . He pointed out that the SEC has not even communicated with the issuer on the details of the offering, which is in sharp contrast to the situation with the Bitcoin ETF last year.

SEC postpones Ark, Hashdex Ethereum spot ETF

According to official documents, the SEC has postponed the Hashdex Ethereum ETF to May 30 on the 19th; in another notice, the SEC will Ark Ethereum ETF postponed to May 24th.

The SEC has always insisted that the extension of the deadline is reasonable to ensure that they have sufficient time to review the proposed rule changes and properly respond to the issues that arise.

There are currently seven publishers in total:

• Fidelity

• VanEck

• Hashdex

• Grayscale

• BlackRock

• 21Shares and Ark

• Invesco and Galaxy

Standard Chartered still believed that the Ethereum spot ETF would pass smoothly in May, but this is different from the Bloomberg ETF, which was optimistic about the passing of the Bitcoin ETF last year. Analysts James Seyffart and Eric Balchunas have completely different views.

No longer optimistic about Ethereum spot ETF passing

Eric Balchunas said on March 11 that the possibility of Ethereum spot ETF passing in May has dropped to 35%, but He also emphasized that 35% does not mean there is no chance at all, and in the long run he believes approval will eventually happen.

However, James Seyffart’s view is more pessimistic. He said: My optimism about the Ethereum ETF has changed in recent months, and now we believe it will be adopted by the deadline of May 23. Rejection, the SEC has not yet engaged the issuer on the specific details of the ETF offering, a complete reversal from last year’s Bitcoin ETF.

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