Key insights of the news event "ETF approval uncertain amid SEC concerns"
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VanEck CEO Jan van Eck expressed pessimism about the chances of an Ethereum ETF approval.
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The SEC has until the end of May 2024 to examine VanEck's application for an Ethereum ETF.
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Analyst Balchunas revised his prediction for an Ether ETF approval by May, reducing the likelihood from 70% to 35%.
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