The American independent investment bank, TD Cowen predicts a U.S. spot Ethereum ETF approval by late 2025 or early 2026, shifting from its initial post-November 2024 forecast, as reported by The Block.
The bank attributes the delay to political considerations, suggesting SEC Chair Gary Gensler’s reluctance to upset progressive Democrats, who were displeased with the recent spot bitcoin ETF approval.
TD Cowen asserts Gensler’s cautious approach to crypto, emphasizing the need for more experience with approved Bitcoin ETFs before endorsing an Ethereum counterpart.
Over half a dozen firms, including BlackRock and Fidelity, have sought spot Ethereum ETF approval, but the SEC’s pace, coupled with potential rule rejections, could extend the process into 2026.
Also Read: SEC Delays Decision on BlackRock’s Spot Ethereum ETF
TD Cowen’s prediction of a delayed U.S. spot Ethereum ETF approval, influenced by political dynamics and Gensler’s cautious crypto stance, reflects ongoing uncertainties in the regulatory landscape despite optimistic projections.
