According to the Daily Planet, Geoffrey Kendrick, head of foreign exchange at Standard Chartered Bank, predicted that the SEC may approve the Ethereum spot ETF on May 23, which is the final deadline for the first batch of Ethereum spot ETFs to be approved. Geoffrey Kendrick's judgment is mainly based on the fact that the SEC did not classify Ethereum as a security in its legal proceedings against cryptocurrency companies, and that ETH is listed as a regulated futures contract on the Chicago Mercantile Exchange.