The likelihood of approval for applications to launch spot Ethereum ETFs is estimated at less than 30%.
Bloomberg strategists express doubts that these applications will be approved for issuance in the U.S. market by the end of May.
Institutional investors are preparing for a potential delay in the launch of Ethereum ETFs and are withdrawing funds from ETH-focused investment products.
Last week, capital outflows from such instruments exceeded $14 million. Meanwhile, the cryptocurrency market as a whole attracted approximately $144 million between May 4 and May 10.
Investors have turned to exploring opportunities in Litecoin (LTC), Solana (SOL), and XRP.
The largest inflows of capital were directed toward Bitcoin funds, with products focused on Solana (SOL) ranking second.