Ether spot ETF approval would set a precedent as the first non-bitcoin digital asset to be considered a commodity, raising expectations that solana could follow the same path, the report said.
Ether and other digital assets need a better regulatory regime and the narrative is expected to improve around the U.S. elections later this year, the report said.
Investors say a Trump administration will favor DeFi applications and tokenomics more, given the family’s backing of World Liberty Finance - riling up DeFi-focused trades.
The U.S. SEC has asked exchanges to update 19b-4 filings for ether ETFs ahead of a key deadline, suggesting potential approval progress, though approval is not guaranteed.
The updated S-1 document brings the spot Ethereum ETF application more "in line" with the recently approved spot BTC ETF prospectus, one analyst noted.