According to Foresight News, Standard Chartered Bank has altered its position on the spot Ethereum ETF, stating that it is unlikely that the U.S. Securities and Exchange Commission (SEC) will approve such funds in May. Geoffrey Kendrick, the head of foreign exchange and digital assets research at Standard Chartered Bank, indicated that they had previously anticipated the SEC would approve the Ethereum spot ETF on May 23. However, so far, there has been no constructive dialogue (or at least none made public) between the SEC and the ETF applicants, suggesting that the approval date of May 23 is improbable.