Spot Ether (ETH) ETFs are expected to follow the recent approval of 11 spot Bitcoin (BTC) ETFs, according to market analysts. Bloomberg ETF analyst Eric Balchunas estimates a 70% chance that spot ETH ETFs will be approved by May, while digital asset lawyer Joe Carlasare predicts approval this year but with a longer timeline than expected. The price of Ether spiked 7.13% shortly after the spot Bitcoin ETFs were approved, and is currently trading at $2521. Several firms, including BlackRock, VanEck, and Fidelity, have submitted spot Ethereum ETF applications for SEC approval.