Recently, there have been widespread rumors about the Securities and Exchange Commission (SEC) adopting a negative stance towards Ethereum ETFs. As a result, an increasing number of market analysts are skeptical about the approval of an Ethereum spot ETF in May this year. According to a previous report by Zombit, Bloomberg ETF analysts Eric Balchunas and James Seyffart have expressed similar concerns and lowered the probability of Ethereum spot approval in May to 25%. However, Grayscale, one of the companies that submitted an application, remains confident about potential approval.
