The Morgan Creek Capital CEO gives less than 50% odds that a spot Ethereum ETF will be approved in the U.S. in 2024.
The United States Securities and Exchange Commission is unlikely to approve a spot Ether (ETH) exchange-traded fund (ETF) this year despite the optimism sparked by the recent approval of the first spot (BTC) Bitcoin ETF, according to Morgan Creek Capital co-founder and CEO Mark Yusko.
In a recent interview, Bloomberg ETF analyst Eric Balchunas said there is a 70% chance a spot Ether ETF will be approved by May. However, Yusko disagrees.
“I’d probably say less than 50/50,” he told Cointelegraph in an exclusive interview.
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Source: https://cointelegraph.com/news/spot-ethereum-etf-not-coming-anytime-soon-says-mark-yusko