Analysts at the company predicted a 50% chance that a spot Ethereum ETF will be approved by MAY and a near-certain chance that such a fund will be approved within one year.
There is a chance but I don't think that chance will be more than 5%. There's still an uncertainty with that approval and that's why if that analyst thinks that it's up for that approval, it's best not to think that it will even get an approval. Take the example of Bitcoin. It took years before it had even got an approval but maybe they've applied principles from that experience for it to get approved. But as for me, I don't think that it's going to get approved.