Is there a chance of approving Ethereum spot ETF on 5/23 as ETF issuers compete to submit documents?

According to Bloomberg ETF analyst Eric Balchunas, it is estimated that the asset value of an Ethereum spot ETF may only be 10-15% of a Bitcoin spot ETF. Based on the current estimated total asset value of 11 Bitcoin spot ETFs at $58.6 billion, this amounts to approximately $5.8-8.8 billion. However, Balchunas stated that this is already quite good for a newly issued ETF.