In 2023, speculations were abound regarding the anticipated approval of the Bitcoin ETF. Finally, on January 10, 2024, the long-awaited approval was granted, triggering an initial decline in the market followed by an unprecedented surge. Bitcoin soared to its all-time high (ATH), while Ethereum (ETH) surpassed the $4,000 mark for the first time in a considerable span of time. Consequently, the spotlight shifted towards the prospective Ethereum spot ETF, and in a momentous turn of events, the Securities and Exchange Commission (SEC) granted its inaugural approval on May 23. Discussions were then held regarding the approval date for the S-1 documents.
