📉 Experts are unsure whether Ethereum (ETH) spot ETFs will be approved by May. Bloomberg ETF expert Eric Balchunas noted that due to the lack of clear signs before spot Bitcoin (BTC) ETFs were approved in January, there is a less than 50% chance that spot Ethereum ETF applications will be accepted by May. It had previously been predicted a 60% to 70% chance of approval by May.

- BASE. The SEC has not yet contacted issuers for spot BTC ETF offerings as it did last year.

- Jake Chervinsky, Variant Fund's general counsel, stated that the SEC may offer new grounds for rejection that were not used in the Grayscale litigation process.

- The SEC may revise its stance on the relationship between spot and futures markets and argue that futures products provide adequate exposure to crypto assets despite the Grayscale decision.

- Spot Ethereum ETF issuers are experiencing uncertainty as the SEC delayed its decision until May and did not provide feedback to issuers on application details.