Industry watchers seem to agree that if US regulators approve spot ether ETFs, it would be a bullish development for the asset. What’s more, they believe that even if these ETFs are not approved, the impact on the market will not be significantly negative.

That is in part due to market participants’ low expectations that the Securities and Exchange Commission will approve such funds this time around. 

The SEC has until May 23 to rule on a proposed ETH fund by VanEck. Its deadline for a similar planned offering from Ark Invest and 21Shares is the next day.

Segment observers expect, like with bitcoin ETFs, that the securities regulator will rule on all the ETH fund applications at…

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