VanEck Eyes Ethereum ETF as SEC Weighs Approval: Competition Heats Up

Investment firm VanEck has filed an S1-A form with the SEC for the development of an Ethereum ETF, joining other contenders seeking approval. Market experts are optimistic, estimating a 60% chance of approval for a spot Ethereum ETF by May. The SEC's approach may be influenced by previous dealings with spot Bitcoin ETFs. Overall, the market is likely to see increased activity and investment in Ethereum due to the growing interest in Ethereum ETFs.