They have a 98% approval rate and ETH adoption is at its peak so there is no logical explanation why the ETH ETF won't be approved by the coming date. SEC is not immune to influences and this has been proven by their change of statement about bitcoin and ETH after their long negative stances about them. Big Brother says Bitcoin and ETH are commodities, so they are communities. Blackrock-like giants are the driving force that forces the SEC to change their stance about btc and eth which can be good in the short term but can be dangerous in the long term.
Such an interesting take! Did you know that in Canada there's already an ETH ETF? The 3iQ Ether Staking ETF is the world’s first Ether staking ETF. If you want to know more about it you can check out:
https://3iq.io/staking