Ark Invest CEO Cathie Wood said in a podcast this week that the likelihood of the Ark 21Shares Ethereum ETF and other similar products being approved in May is diminishing. Wood said that for Bitcoin, a clear sign that the spot Bitcoin ETF is about to change is that we are communicating with the SEC. I think the US SEC is still waiting for the opportunity and may be studying these issues. Ophelia Snyder, co-founder of 21Shares, said that considering that the spot Ethereum ETF is similar to the approved Bitcoin ETF, there is nothing worth paying attention to when the US SEC is considering the Ethereum ETF, so the spot Ethereum ETF may be approved soon.
