Franklin Templeton has initiated a pre-launch step for an Ethereum ETF, EZET, on the DTCC platform.

The SEC's final decision on the approval of Ethereum ETFs is postponed to June 11.

Concerns about SEC's potential denial of Ethereum ETFs stem from Gary Gensler's skepticism and market manipulation worries.

Ether's market price has been affected, showing cautious growth due to regulatory uncertainties.

The Ethereum ETF approval process is ongoing, with industry representatives preparing further documentation for the SEC.

Ethereum's market performance has seen limited movement, with its price around $3,100 following Bitcoin's fourth halving.

Investors are recommended to seek professional advice and conduct in-depth research before making investment decisions.