According to Wu, Forbes reported that Bitwise hopes that the US SEC will postpone the approval of the Ethereum spot ETF to December. The market generally believes that the possibility of approval in May exists, but it is not great. Bitwise CIO Matt Hougan said that the asset management industry is too focused on Bitcoin products and cannot provide the necessary attention for the development of Ethereum ETFs. Bitwise submitted an application for a spot Ethereum ETF to the US SEC on March 28.