According to CryptoPotato, Bloomberg ETF analyst Eric Balchunas said that U.S. regulators may reject Ethereum (ETH) spot ETFs, and the crypto industry may not launch a large-scale legal battle for it. Balchunas' latest views are a discouraging signal for Ethereum bulls, in stark contrast to his previous optimism about Bitcoin spot ETFs before they were approved in January. Balchunas mentioned in a tweet on Wednesday that the crypto industry may sue the SEC if the U.S. Securities and Exchange Commission (SEC) refuses to approve ETH spot ETFs before the May deadline. He wrote: "I doubt it because the Ethereum futures ETF only has 4% of the assets of Bitcoin futures. It takes a lot of time and money, and may only get a small part of the assets." However, Ethereum bulls said that it is not appropriate to compare the performance of futures ETFs, especially considering that their launch time is very different.