
Bipartisan push for Ethereum ETF gains momentum in Congress
Lawmakers argued that approving the spot Ethereum ETFs would demonstrate regulatory consistency.
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Possible Ethereum ETF approval could influence commodity status of digital assets

The SEC is due to approve or reject the firm's ETF application on May 23.

Approval delays and high exchange inflows could both impact ETHs price.

Experts have cautioned that a Grayscale Ethereum ETF might experience similar outflows like GBTC.

Several spot Bitcoin ETPs are expected to launch on May 28 including CoinShares and ETC Group.

The amendments concern proposals from Fidelity and four others.



