Recently, several asset management institutions have submitted revised S-1 documents for spot Ethereum ETFs to the SEC. According to the previous remarks of the SEC chairman, the Ethereum ETF will be approved this summer and should not be delayed until August. Judging from the recent performance of Ethereum, it is obviously stronger than Bitcoin. Therefore, the probability of Ethereum ETF being approved in late June to early July is relatively high. Once it is listed for trading and new funds enter the market, Ethereum is expected to usher in a strong rebound.