Two days ago, seven Ethereum ETF applicants, including BlackRock, submitted updated versions of their S-1 documents, an important step in registering with the SEC.

In addition, the SEC has terminated its investigation into Ethereum and confirmed that Ethereum is not considered a security, paving the way for the approval of the Ethereum ETF.

Combined with the previous statement of the SEC Chairman, the Ethereum ETF is expected to be approved this summer. Based on these positive signals, we can reasonably speculate that the Ethereum ETF is likely to be approved in mid-July.

This progress is a major positive for Ethereum and its ecosystem, which may attract more institutional and retail investors to the Ethereum market, increase liquidity, and promote further adoption and innovation of Ethereum.