Ether ETF Approval Questions Loom as Bitcoin Milestone Passed

After bitcoin ETF approvals, next question is whether ether ETFs will be approved, with a May SEC decision looming.

Arguments for and against approval of spot ETH ETFs are explored, including lack of SEC engagement as negative sign.

However, some argue that previous back-and-forth was only needed for bitcoin ETFs to settle redemption mechanism.

Even if denied in May, broad view is that spot ETH ETF approval is only a matter of time.

Pattern in other regions like Canada is bitcoin ETF approval followed by ether ETFs, so similar path may unfold in US.