Bloomberg Analysts: Ether ETF Approval Odds Drop to 35%

The odds of an Ether exchange-traded fund (ETF) approval in the U.S. have decreased to 35% from 70%, as per Bloomberg analysts. There is growing skepticism about the SEC's approval of ETH ETFs, with little movement and engagement observed. Despite hopes, recent developments indicate a decline in optimism. The SEC's cautious approach and delays on several spot ETH ETF applications have intensified concerns. However, experts and investors remain hopeful for a possible approval in the future.