| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- Amid the growing tension over the likelihood of a spot Ethereum ETF, Bloomberg analyst Eric Balchunas has issued a new timeline to watch for approval.
- Several spot Ethereum ETF applications are waiting to be approved by the United Securities and Exchange Commission (SEC).
- Grayscale Investment recently withdrew its application for Ethereum Futures ETF, claiming that it has several futures products already available in the market today.
As the crypto industry awaits the approval of a spot Ethereum ETF, Bloomberg analyst Eric Balchunas provides a new timeline for potential approval. Grayscale Investment has withdrawn its Ethereum Futures ETF application, adding another twist to the ongoing debate.
Bloomberg Analyst’s Take on Spot Ethereum ETF Approval
Senior Bloomberg Analyst Eric Balchunas does not believe that the approval for spot Ethereum ETF applications will happen soon. He expressed his pessimism at an event hosted by the Financial Times, responding to a statement from Grayscale’s CEO Michael Sonnenshein who seemed very positive about getting approval from the securities regulator on its application.
Grayscale’s Withdrawal from Ethereum ETF Race
Grayscale Investment recently withdrew its application for Ethereum Futures ETF. The firm’s CEO Michael Sonnenshein stated that Grayscale will continue to focus on converting its Ethereum Trust (ETHE) into a spot Ethereum ETF. Sonnenshein further explained why the company decided to take a break from the Ethereum ETF race, expressing confidence in approval. However, Balchunas disagreed with this optimistic outlook, predicting that the approval may come about a year later.
Why Did Grayscale Withdraw its ETH ETF Filing?
The Bloomberg analyst believes the ‘excuse’ presented by Sonnenshein for the withdrawal may not be the actual reason. Balchunas highlighted that the ETF filing was made under the “33 Act Ether Futures ETF” to provide an opening for a potential lawsuit. However, Grayscale’s decision to withdraw defeats the purpose entirely as it shuts the “door for anyone to sue basically.”
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Conclusion
The debate around the approval of a spot Ethereum ETF continues to be a controversial subject in the industry. While some remain optimistic, others like Bloomberg analyst Eric Balchunas have a more pessimistic outlook. As the crypto industry awaits the SEC’s decision, the withdrawal of Grayscale’s application adds another layer to the ongoing discussion.
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
