Bernstein Report: The likelihood of Ethereum spot ETF approval before May is about 50%

On February 19th, according to a Bernstein research report, Ethereum is expected to become the only digital asset that may receive approval from the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) after Bitcoin. The report predicts that there is about a 50% chance of approval for an Ethereum spot ETF before May, and it is almost certain to be approved within the next 12 months. A series of traditional financial institutions are competing to launch Ethereum ETFs in the United States, which has boosted the token's medium-term outlook. Companies like Franklin Templeton, Blackrock, and Fidelity that have already received SEC approval for Bitcoin ETFs have all submitted applications to launch Ethereum ETFs. Analysts at Bernstein point out that Ethereum is in a favorable position for mainstream institutional adoption due to its staking yield dynamics, environmentally friendly design, and institutional utility in establishing new financial markets. Additionally, as the market value of Ethereum grows, so will its revenue market; if staking yields are included in ETF designs, it could drive the development of unique ETF products. Furthermore, institutions not only aim to introduce Ethereum spot ETFs but also hope to establish a more transparent and open tokenized financial market on the Ethereum network. The next upgrade plan for Ethereum called Dencun scheduled for March will provide dedicated channels and block space for Rollups, reducing transaction costs by another 50% to 90%.