According to TechFlow, Cointelegraph reported that Bloomberg ETF analyst Eric Balchunas said there is a 70% chance that the spot Ethereum ETF will be approved in May, while hinting that "I heard in the backstage channels that the spot Ethereum ETF would be good."
However, digital asset lawyer Joe Carlasare believes that it may take longer than expected for the spot Ethereum ETF to be approved, and the U.S. Securities and Exchange Commission is also working hard to carefully create a precedent that allows them to retain a certain degree of discretion in deciding which digital asset ETFs are allowed to enter the market.
