Ethereum ETF Approval: Analysts Upbeat on Potential Green Light in 2022

Analysts’ Confidence and Comparisons with Bitcoin

ETF analyst Eric Balchunas from Bloomberg is optimistic about the approval of an Ethereum spot ETF, estimating a 70% chance of approval by May. Balchunas draws comparisons between Ethereum and Bitcoin, stating that it is unlikely for spot Bitcoin ETFs to be approved while spot Ether ETFs are not. He emphasizes that Ethereum is closely tied to Bitcoin and believes that spot Ethereum ETFs “will be fine“. Balchunas’ 70% probability is significant as his approval odds for spot Bitcoin ETFs last year turned out to be accurate. Digital asset lawyer Joe Carlasare also expresses confidence in the approval of Ethereum spot ETFs this year.