Is ETF ETH approved today?

No, ether (ETH) ETFs have not been approved yet by the U.S. Securities and Exchange Commission (SEC). The SEC is unlikely to approve spot ETH ETFs in May 2024 as previously expected.

Some key points:

Issuers of spot bitcoin ETFs, including VanEck and CoinShares, are skeptical about the SEC approving ether ETF applications in the near term.

VanEck CEO Jan van Eck believes the SEC will most likely reject the firm's ether ETF application.

CoinShares CEO Jean-Marie Mognetti said he doesn't see anything being approved "this side of the year".

The SEC has until late May 2024 to complete its review of an ether ETF application by BlackRock, Fidelity, VanEck and others, following a March delay.

Even if approved, an ETH ETF may not deliver full returns to investors compared to staking ETH directly, as ETFs would lack the staking reward component which has been over 3% per annum.

So in summary, while the crypto community is eagerly awaiting an ether ETF, the SEC is unlikely to approve one in May 2024 based on the skepticism expressed by ETF issuers and the potential drawbacks of an ETF structure for ETH investors.