What’s the Chance of Ether Spot ETF Approval in May? Can the Market Sustain Another Rally?

Key Takeaways:

• We project a low chance of Ether Spot ETF approval by the SEC in May, mainly due to regulators' silence.

• If Ether Spot ETFs are allowed to offer the staking of underlying assets, their approval might be significant in the medium term.

• A bull market might ensue, as Ether’s rise would likely send a tailwind to tokens in its ecosystem. 

What’s Happening Now With the SEC’s Expected Approval of Ether Spot ETFs?