The approval of Ethereum (ETH) ETFs in the U.S. is anticipated to be a significant development in 2024. Several financial institutions, including VanEck, ARK 21Shares, BlackRock, and Fidelity, have filed applications for spot Ethereum ETFs, with decision deadlines spanning from May to August 2024 [oai_citation:1,Spot Ethereum ETFs now have a straight shot for approval — Analysts](https://cointelegraph.com/news/spot-ethereum-etf-next-for-sec-approval-analysts) [oai_citation:2,Standard Chartered sees ETH ETF approval in May, TD Cowen and JPMorgan say not until 2025 | Kitco News](https://www.kitco.com/news/article/2024-01-31/standard-chartered-sees-eth-etf-approval-may-td-cowen-and-jpmorgan-say-not).
The consensus among analysts varies. Some, like those at Standard Chartered, believe approval could happen as early as May 2024, citing the recent precedent set by the approval of spot Bitcoin ETFs [oai_citation:3,Standard Chartered sees ETH ETF approval in May, TD Cowen and JPMorgan say not until 2025 | Kitco News](https://www.kitco.com/news/article/2024-01-31/standard-chartered-sees-eth-etf-approval-may-td-cowen-and-jpmorgan-say-not). Bloomberg ETF analysts give the approval a 70% chance, noting that the SEC's treatment of Bitcoin ETFs may pave the way for Ethereum [oai_citation:4,Spot Ethereum ETFs now have a straight shot for approval — Analysts](https://cointelegraph.com/news/spot-ethereum-etf-next-for-sec-approval-analysts). Conversely, analysts at TD Cowen and JPMorgan are more skeptical, predicting potential delays due to regulatory caution and political considerations [oai_citation:5,Standard Chartered sees ETH ETF approval in May, TD Cowen and JPMorgan say not until 2025 | Kitco News](https://www.kitco.com/news/article/2024-01-31/standard-chartered-sees-eth-etf-approval-may-td-cowen-and-jpmorgan-say-not).
The approval of Ethereum ETFs is expected to drive institutional adoption and enhance liquidity, potentially leading to a significant rise in Ethereum's market value.