Very high probability that $ETH ETF will be approved!
In particular, the US House of Representatives voted to pass FIT21 - the financial innovation bill for the 21st century!
FIT21 defines the terms surrounding 'decentralized systems' and when a network is 'decentralized' enough to no longer be a 'security', and then the SEC will no longer have jurisdiction over the asset there.
After $BTC, $ETH is the second decentralized system of crypto currently.
---> $ETH is not a stock!
Currently, the United States has a lot of interests in this crypto pie, especially when $USDT $USDC are two stablecoins used as the main trading currencies in the market!
It is not strange that they will find ways to support and promote crypto