According to two insiders, the U.S. Securities and Exchange Commission (SEC) plans to announce at least one decision regarding Ethereum spot ETF applications before next week. Despite market expectations that the chances of approval for an Ethereum spot ETF are low, this is partly because these companies have had less frequent private discussions with the SEC compared to the period before the approval of Bitcoin spot ETFs in January this year.
Additionally, Coinbase analyst David Han stated that the market might be "underestimating" the timing and likelihood of an Ethereum spot ETF approval. While the general market expectation remains cautious, there is still a certain possibility of approval, which could have an unexpectedly positive impact on the market. If an Ethereum spot ETF is approved, it could bring new investment opportunities and increase demand for Ethereum in the market.
Additionally, Coinbase analyst David Han stated that the market might be "underestimating" the timing and likelihood of an Ethereum spot ETF approval. While the general market expectation remains cautious, there is still a certain possibility of approval, which could have an unexpectedly positive impact on the market. If an Ethereum spot ETF is approved, it could bring new investment opportunities and increase demand for Ethereum in the market.