Bitwise Submits Spot Ethereum ETF Application to U.S. SEC

According to The Block, Bitwise has submitted an application to the U.S. Securities and Exchange Commission (SEC) to issue an Ethereum spot ETF. Earlier this month, Bitwise's Chief Information Officer, Matt Hougan, stated that the Ethereum spot ETF should ideally be approved after May.Bloomberg ETF analyst recently estimated that the probability of approval for a spot Ethereum exchange-traded fund in May is about 30%.