Executives at two of the issuers jointly looking to launch a spot ether ETF have differing views on whether such funds will gain near-term approval. 

Ark Invest CEO Cathie Wood said this week during a podcast with Blockworks co-founder Jason Yanowitz that “the probability is probably going down” for the Ark 21Shares Ethereum ETF, and other similar products, to be approved in May. 

Industry watchers expect the Securities and Exchange Commission to rule on spot ether proposals on or around May 23 — the date when the regulator’s 240-day clock to decide on the first such applications expires.  

“One of the tell-tale signs for bitcoin that something was gonna happen with the…

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