Cathie Wood: Spot Ethereum ETF less likely to be approved in May

Mars Finance News, Ark Invest CEO Cathie Wood said in a podcast this week that the likelihood of the Ark 21Shares Ethereum ETF and other similar products being approved in May is declining.

Wood said that for Bitcoin, a clear sign that changes are coming to the spot Bitcoin ETF is that we are communicating with the SEC. I just think the SEC is still waiting for its time and maybe looking at these issues. Ophelia Snyder, co-founder of 21Shares, said that considering that the spot Ethereum ETF is similar to the already approved Bitcoin ETF, there is nothing worth paying attention to when the US SEC is considering the Ethereum ETF, so the spot Ethereum ETF may be approved soon.