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 S-1 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 opened 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!