PANews reported on May 24 that, according to The Block, Galaxy Digital's report released on Tuesday predicts that an Ethereum spot ETF will be listed on exchanges in July or August. The report states that the decision time between the two sets of documents for an Ethereum spot ETF, 19b-4s (proposed rule change forms) and S-1s (registration statements), may take weeks or months, rather than days.

Galaxy Digital stated in the report that the risk profile of an Ethereum spot ETF is "significantly" higher than that of a spot Bitcoin ETF, which may extend the decision time for regulators on these funds. The report also mentioned that due to the various dApps built on the Ethereum network, the process of approving these funds and listing them on trading platforms may also take longer.

This report was released before the approval of the 19B-4 forms for eight Ethereum spot ETFs.