According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has only nine days left to approve or reject the Ethereum spot ETF, as reported by DL News on May 14. Eric Balchunas, a senior ETF analyst at Bloomberg, stated that he does not expect the ETF to be approved before the end of 2025.
Meanwhile, bettors on the on-chain prediction market Polymarket believe there is a 14% chance that the SEC will approve the ETF before May 31. The SEC's decision on the Ethereum spot ETF is eagerly awaited by the market, as it could potentially open up new investment opportunities in the cryptocurrency sector. However, the regulator's cautious approach to cryptocurrency-related products suggests that approval may not be imminent.