Will the SEC approve an Ethereum ETF in May? The question is on everyone's mind. Recent reports suggest the possibility, but opinions are divided. Standard Chartered Plc. predicts the US Securities and Exchange Commission is likely to allow exchange-traded funds to hold the cryptocurrency Ethereum in May.

However, the situation is complex. Senior Bloomberg ETF analyst Eric Balchunas says the chances of an ETH ETF approval grow slimmer every day the SEC maintains its radio silence with prospective applicants. This lack of engagement from U.S. regulators is raising concerns.

Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators' seeming lack of engagement. This contrasts with the recent approval of Bitcoin ETFs. On May 23, the SEC officially approved 19b-4 applications from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and others for Bitcoin ETFs, setting a precedent, but not necessarily a guarantee, for Ethereum.

Despite the May uncertainty, longer-term prospects might be brighter. According to Bloomberg ETF analyst Eric Balchunas, there is a 70% chance that the SEC will approve an Ethereum (ETH) ETF by May 2025. According to the analyst, this timeframe offers a more realistic outlook.

So, is an Ethereum ETF approval in May likely? While Standard Chartered remains optimistic, Bloomberg's ETF analysts, including Eric Balchunas, express concerns due to the SEC's current stance. Keep checking back for the latest updates on the potential Ethereum ETF approval timeline.