According to Golden Finance, according to Bloomberg, the U.S. Securities and Exchange Commission is expected to decide whether to approve the first batch of Ethereum-based exchange-traded funds (ETFs) on May 23 local time. Most market participants and fund managers expect that the regulator will not approve it and are ready for the SEC to reject the Ethereum ETF. These fund companies revealed that they have had private dialogues with the SEC and feel that the regulator's attitude is quite different from the approval of the spot Bitcoin ETF in January.