On May 24 this year, the SEC officially approved the 19b-4 application documents for Ethereum spot ETFs from 8 institutions, allowing institutions to list Ethereum spot ETFs on various exchanges in the United States. However, the applicant institutions cannot start trading before obtaining the required S1 registration statement approval.
In short, the Ethereum spot ETF has been approved and the listing is a certainty, but the complete process has not been completed and it is only a matter of time before it is open for trading.
However, the expectations of early speculation have been consumed by the current market, and there is also a selling pressure from Grayscale. For this, we should appropriately lower the psychological expectations of passing!
