Revised Ark Ethereum Spot ETF Application Shifts to Cash Redemption Mode, Discusses Pledge Returns with SEC

Prior to this, Bloomberg ETF analyst James Seyffart told foreign media Blockworks on January 26th that he believed there was a 60% chance that the SEC would approve all Ethereum spot ETFs by May this year. On the other hand, if it did not pass on May 23rd, he believed that it would have to wait until 2025.