How far away is it before Ethereum spot ETF is approved?
I believe that there is a high probability that the door will be opened for more institutions to enter the market, such as the Ethereum ETF, which is highly anticipated by the industry.

I believe that there is a high probability that the door will be opened for more institutions to enter the market, such as the Ethereum ETF, which is highly anticipated by the industry.
The U.S. SEC will make decisions and approve five Ethereum spot ETFs before the end of May, but it may be postponed to August to make a final decision.
Amid the Bitcoin exchange-traded fund (ETF) craze, wild price predictions are flying around. Even if the SEC approves these ETFs, many expect a "sell the news" event to cause Bitcoin prices to drop 30% below current levels.
The logic of the denial of spot BTC ETFs over the past decade is puzzling.
The U.S. Securities and Exchange Commission (SEC) is close to approving the first U.S. spot Bitcoin ETF after a decade of unsuccessful applications.
Matrix on Target writes that “Bitcoin is set for an explosive surge to $50,000 in January.” After a typical mid- to late-December consolidation, Bitcoin is poised for a strong wave of early-year buying power that could see it break through resistance levels.
Grayscale CEO Michael Sonnenshein said that the company may use a tender offer to return capital to GBTC shareholders.
This is step one in a long journey to create universal and fair access to decentralized applications for billions of people.