7M
...
![](https://cryptocrunchapp.com/wp-content/uploads/2024/01/website-image-3-Recovered-53.jpg)
The anticipated approval of spot Ethereum ETFs remains in limbo, as TD Cowen’s Washington Research Group predicts a delay until at least late 2025 or early 2026. This forecast comes amidst the U.S. Securities and Exchange Commission’s (SEC) pending decision on related rule changes, which are critical for the listing and trading of such ETFs on securities exchanges.
TD Cowen’s analysis suggests a challenging path ahead, emphasizing potential rejections and subsequent litigation or new applications, leading to extended timelines. The SEC’s decision on VanEck’s spot Ethereum ETF application, due by May 23, will be a significant indicator, but there’s no obligation for approval.
Political dynamics add complexity to the situation. TD Cowen attributes its low expectations to partisan views on cryptocurrency. They highlight SEC Chair Gary Gensler’s need for progressive support, suggesting that approving a spot Ethereum ETF could be a contentious and unnecessary battle for him.