Overview

• The SEC is considering proposals from Grayscale Investments, Fidelity Investments, and Bitwise Asset Management for Ethereum ETFs.
• Public comments on the proposals are invited until May 23, with the SEC's decision deadline looming.
• The move follows the SEC's earlier approval of Bitcoin ETFs, raising hopes for Ethereum ETFs despite regulatory uncertainties.
• Analysts have become less optimistic about the approval of Ethereum ETFs, with chances now estimated at around 30%.
• The classification of Ethereum as a security remains a key concern, potentially affecting its legal status compared to Bitcoin.