#Ethereum

Eric Balchunas, the Senior ETF analyst at Bloomberg, has scaled back his optimism regarding the approval of a spot Ethereum ETF, now assessing the chances at 35% by the May deadline. He emphasizes, however, that approval remains a possibility, especially looking ahead to the longer term.

Valkyrie Chief Investment Officer Steven McClurg believes that a spot Ethereum ETF is unlikely to come soon, though it could be approved by 2026. He advises against drawing parallels with the Bitcoin ETF, highlighting significant differences between the two cryptocurrencies.

The Uniswap Foundation has revealed that Uniswap V4, the upcoming version of its decentralized exchange protocol, is expected to go live on the mainnet in the third quarter of 2024, post the Dencun update on Ethereum.

The UK's Financial Conduct Authority (FCA) will start accepting applications for Bitcoin and Ethereum crypto cETNs (Exchange Traded Notes).

Asset management firm AllianceBernste posits that Ethereum (ETH) might be the only cryptocurrency to follow Bitcoin in receiving the green light from the U.S. Securities and Exchange Commission (SEC) for the launch of an exchange-traded fund (ETF). Analysts from the firm estimate a 50% chance of an Ethereum ETF being approved by May 2024, with the likelihood nearing 100% by the end of the year.

SEC Chairman Gary Gensler, in a CNBC interview, emphasized that the recent approval of spot Bitcoin ETFs shouldn't be seen as an endorsement for similar products, including Ethereum ETFs.