According to a report by DLNews, the US Securities and Exchange Commission (SEC) may reject the application for an Ethereum spot ETF on May 23rd. ETF analyst Eric Balchunas from Bloomberg stated that this means an Ethereum spot ETF may not appear until the end of 2025, with the US presidential election playing a crucial role in this matter.
"US Presidential Election Holds the Key, Ethereum Spot ETF Not Expected Until End of 2025!"