Ether ETFs may be delayed in May as institutions are unprepared, says Web3 founder
But while Ether ETF applications may see further delays, approval is just a matter of time, according to CEO of Umoja.
The approval of Ether exchange-traded funds (ETFs) may be delayed in May as large financial institutions lack the internal strategy to position for approval, Robby Greenfield, the CEO of smart money protocol Umoja, told Cointelegraph.
Companies vying for an Ether (ETH) ETF include BlackRock, Grayscale, Fidelity, ARK 21Shares, Invesco Galaxy, VanEck, Hashdex and Franklin Templeton.
Bloomberg ETF analyst James Seyffart expects the current Ether ETF approvals to be declined in late May, according to a March 19 X (formerly Twitter) post.
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