SEC Nears Decision on Ethereum Spot ETFs

Regulators hint at potential approval, signaling a shift in U.S. crypto policy.

The SEC is expected to rule on Ethereum spot ETF applications by May 23, with increased likelihood of approval.
Nine issuers, including VanEck and Ark Investments, have been asked to update their filings on an expedited basis.
The decision follows recent bipartisan support for the crypto industry and political pressure from upcoming elections.
Approval of these ETFs could mark a significant development for the $2 trillion cryptocurrency market.
Concerns remain over Ethereum staking, which may impact the final approval.