According to the experience of BTC ETF and public market information, the timeline of ETH ETF is as follows:

- May 23: ETH 19B4 passed unexpectedly, and market makers began to buy ETH spot to prepare for providing liquidity.

- Early June: S1 may pass. Referring to BTC ETF, it takes 2 weeks at the fastest, but it may take 3 months at a normal pace.

- Mid-June: After S1 passes, trading may start immediately or within a few days.

- June to December: The main capital inflow in the early stage of listing may come from retail investors, accounting for 80-90% of the total funds; institutional users participate less. Considering that ETHE is similar to GBTC, the market may face some arbitrage and selling pressure, and whether it can withstand such selling pressure remains to be seen.

- After December: As time goes by, institutional investors may gradually enter the market.

Welcome everyone to correct and discuss, and discuss the development and trend of ETH ETF together.