The main points to highlight are:
1. The SEC has a maximum period of 45 days, which can be extended for an additional 45 days, to approve or reject Forms 19b-4 submitted by companies requesting to launch ETH ETFs.
2. Several companies such as BlackRock, VanEck and ARK Invest have requested the creation of these exchange-traded funds.
3. There is a widespread belief among investors that the approval of ETH ETFs will boost the price of the cryptocurrency by attracting more institutional capital.
4. Some experts consider that the approval of these ETFs is imminent, given that the SEC has already approved the first Bitcoin spot ETFs.
Therefore, the estimated date for the approval of Ethereum ETFs by the SEC is around May 23, 2023, as it was done, although the final decision could be delayed up to 45 more days.