📰 Wall Street firms and major financial institutions are showing the greatest interest in approving spot Ether (ETH) exchange-traded funds (ETFs). Wall Street firms, not crypto natives, are trying to secure ETF approvals, according to Cypher Capital president Bill Qian.

🏦 Institutional asset management companies are expected to lobby to launch and get the ETF approved. This means they want to get ETF approvals to increase their assets under management (AUM).

🚀 The US Securities and Exchange Commission (SEC) postponed the decision on VanEck's ETF application until May 23. It also postponed its decision on Hashdex and ARK 21Shares spot Ether ETFs.

💰 According to Qian, while the approval of the Ether ETF will be welcome for crypto natives, large issuers have a greater interest due to ETF-related fees.

📈 Grayscale's Bitcoin ETF offers the highest fee at 1.5%, followed by BlackRock and Fidelity at 0.25% and 21Shares at 0.21%.

🔮 Qian thinks there is a "high probability" that the spot Ether ETF will be approved this year due to BlackRock's request. Do you think Ether ETFs will be approved this year? We are waiting your comments.#ether#etf #cryptocurrency