The pursuit of Ethereum exchange-traded funds (ETFs) faces ongoing regulatory challenges. Despite the successful launch of Bitcoin ETFs, the Securities and Exchange Commission (SEC) continues to scrutinize prospective Ethereum ETF issuers. Grayscale and BlackRock, prominent players in the digital asset industry, are actively seeking approval but encounter delays. Industry experts express cautious optimism, with some estimating less than a 50% chance of approval by May 2024. The SEC’s detailed review process and the complexities of Ethereum financial products contribute to the prolonged approval timeline. The industry eagerly anticipates discussions about Ethereum ETFs at the upcoming Benzinga’s Future of Digital Assets event.