Shenyu: Based on the experience of BTC ETF, the S1 document of Ethereum ETF may be passed in mid-to-early June

Shenyu posted on the X platform that based on the experience of BTC ETF and public market information, the timeline for ETH ETF is as follows: - May 23: ETH 19B4 passed unexpectedly, and market makers began to buy ETH spot to prepare for providing liquidity. - Early June: S1 may pass. Referring to BTC ETF, it takes 2 weeks at the fastest, but the normal rhythm may take 3 months. - Mid-June: After S1 passes, trading may start immediately or within a few days. - June to December: The main capital inflow in the early stage of listing may come from retail investors, accounting for 80-90% of the total funds; institutional users participate less. Considering that ETHE is similar to GBTC, the market may face some arbitrage and selling pressure. Whether it can withstand such selling pressure remains to be seen.