Will Ethereum ETF be approved?

Could you please elaborate on the likelihood of an Ethereum ETF being approved? Given the increasing popularity of cryptocurrencies and the growing demand for investment vehicles in this space, it seems like a timely question. Could you discuss the regulatory challenges that might arise, as well as any potential obstacles that could hinder its approval? Additionally, would you mind sharing your thoughts on the potential impact an Ethereum ETF could have on the broader crypto market? Thank you for your insights.