- The CEO of Keyrock predicted the possibility of approval of Ethereum-ETF.
- Kevin de Patul believes that the likelihood of approval of such products is more than 50%.
- He also stated that there would be difficulties in accepting these exchange-traded funds.
Probability of approval of spot Ethereum ETFs is above 50%. Keyrock CEO Kevin de Patul said this in an interview with Cointelegraph.
The expert said that the adoption of these exchange-traded funds will face difficulties that will be similar to those that occurred with the approval of spot Bitcoin ETFs in the US. He added that one of the main concerns is that Securities and Exchange Commission (SEC) Chairman Gary Gensler may classify Ethereum as a security.
Ivan Pavlovskyy“During previous congressional hearings, Gensler refused to answer whether he considered Ethereum a security risk, despite former SEC Division Director William Hinman dismissing the idea during a 2018 appearance,” Kevin de Patul said.
According to Keyrock’s CEO, Ethereum is not a security, but “moving to a Proof-of-Stake model could make it more like a security offering from the SEC’s perspective.”
The analyst also commented on the recent increase in the asset price to $3,000. According to him, this growth is caused by the excitement around the possible approval of applications for spot ETFs and the upcoming update of Dencun.
Ethereum ETHLet us remember that TD Cowen previously predicted the approval of Ethereum-ETF at the end of 2025.