Wu said that according to Fox Business reporter Eleanor Terrett, various parties have different opinions on whether the Ethereum spot ETF will be approved: A Bitcoin spot ETF issuer that submitted an application for the Ethereum spot ETF said that it believed that the approval of the Bitcoin spot would go smoothly. The launch will force the SEC to approve the ETH spot ETF; sources said that the SEC's position is "forceful rejection" and there is currently internal resistance to the idea; some analysts believe that the ETH spot ETF may be launched in late summer. The conclusion is that the decision rests with the SEC, and if SEC staff digs deeper into S-1 filings, we'll get some clues in the coming months.