A Historically Momentous Week, Increasing ETH Exposure
May 21, 2024
• 8
Min Read
Author
Imminent 19b-4 Approval Seems Likely
Up until yesterday, we were quite bearish about the prospects of a spot ETH ETF approval. Our off-the-record conversations with those close to the situation confirmed this sentiment. ETF experts James Seyffart and Eric Balchunas, who accurately predicted the Bitcoin ETF call, also assigned a very low probability of approval. The market agreed as well, with the ETHE discount widening from 8% to over 20% in the past couple of months, indicating a lack of conviction over ETH ETF approval.
Thus, we are inclined to think that this is indeed a late dev...