According to Odaily Planet Daily, Shenyu published an article on the X platform predicting the timeline of ETH ETF. On May 23, ETH 19B4 passed unexpectedly, and market makers began to buy ETH spot to prepare for providing liquidity. In early June, S1 may pass. Referring to BTC ETF, it takes 2 weeks at the fastest, but the normal rhythm may take 3 months. In mid-June, after S1 passes, trading may start immediately or within a few days. From June to December, the main capital inflows in the early stage of listing may come from retail investors, accounting for 80-90% of the total funds, and institutional users participate less. Considering that ETHE is similar to GBTC, the market may face some arbitrage and selling pressure. Whether it can withstand such selling pressure remains to be seen.