Recently, there have been widespread rumors about the US Securities and Exchange Commission (SEC) adopting a negative attitude towards Ethereum ETFs, leading to increasing doubts among market analysts about the approval of a spot Ethereum 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 have reduced the probability of Ethereum spot ETF approval in May to 25%. However, despite this, Grayscale, one of the companies that has submitted an application, remains confident in the potential approval.