Ark Invest CEO Cathie Wood said the likelihood of the Ark 21Shares Ethereum ETF and other similar products being approved in May is declining. The SEC is still biding its time and may be looking into these issues. 21Shares co-founder Ophelia Snyder said that the spot Ethereum ETF application is not much different from Bitcoin’s, and they have the same structure, custodian and disclosure information. (Blockworks)