Key players have different views on the approval and launch of Ethereum spot ETFs

Grayscale Chief Legal Officer Craig Salm wrote on his X that "There have been a number of observations about the ETH spot ETF recently. Personally, I think an ETH spot ETF should be approved. The U.S. Securities and Exchange Commission (SEC) is already involved in discussions with applicants for an ETH spot ETF, just as it was for the BTC spot ETF. It's just less involved than it was with the BTC ETF. At this point, we shouldn't assume that the lack of regulatory involvement will lead to a different outcome (for BTC spot ETFs)."

On the other hand, Bloomberg analyst Eric Balchunas told X that he sees "a 25% chance of an Ethereum ETF being approved. We're very pessimistic about the situation, but we're still giving it a 25% chance," he said. "The lack of engagement (between issuers and regulators) seems to be intentional. "Everywhere I look, there are no positive signs or information. I personally hope the regulators will approve the product, but it doesn't look positive."