According to Forbes, Bitwise hopes that the US SEC will postpone the approval of the Ethereum spot ETF until December. The market agrees that approval in May is possible, but unlikely. Bitwise CIO Matt Hougan believes that the asset management industry is too focused on Bitcoin products to provide the necessary attention for the development of an Ethereum ETF. Bitwise submitted a spot Ethereum ETF application to the U.S. SEC on March 28.