UK May three-month GDP monthly rate

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Is the Ethereum Spot ETF expected to be approved? Industry opinions vary. More than a month after the U.S. Securities and Exchange Commission (SEC) approved 11 Bitcoin Spot ETFs, the crypto industry is now looking forward to the possibility of an Ethereum Spot ETF receiving similar approval as early as May. According to a series of interviews, the prospects for the approval of the world's second-largest digital asset spot product in 2024 are optimistic. Not only within the cryptocurrency industry, but also some securities lawyers and traditional Wall Street participants share the same view. However, there are also skeptics. Some point out that the SEC chairman's stance on the legality of Ethereum is somewhat ambiguous, suggesting that it could be an unregistered digital security, making it unsuitable for an ETF. Another concern is that, compared to Bitcoin, Ethereum lacks widespread foundational and institutional support in the financial industry. Nevertheless, several securities lawyers stated that the legal precedents established during the approval process of the Bitcoin Spot ETF provide a blueprint for the approval of the Ethereum ETF.