On May 23, the United States Securities and Exchange Commission (SEC) approved spot Ether exchange-traded funds (ETFs), marking a notable difference from the approval of spot Bitcoin ETFs in January. Unlike the Bitcoin ETFs, which were approved via voting by a five-member committee including SEC chief Gary Gensler, the spot Ether ETFs were approved by the SEC’s Trading and Markets Division. The SEC greenlit the 19b-4 filings from several firms including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. The Commission did not provide additional comments beyond the official decision. The official filing stated: “For the Commission,
