The approval of the spot Ethereum ETF is decided by a vote from the Trading and Markets Division of the U.S. SEC, not by the SEC Chairman and other four commissioners
Media reports that the Trading and Markets Division of the U.S. Securities and Exchange Commission (SEC), not the commissioners of the agency, has decided to approve a large number of Ethereum spot ETF forms. In the order approving 19b-4 forms for Ethereum ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark Invest, Invesco Galaxy and Franklin Templeton, a final line reveals how this decision was made. The order states: "The committee will execute according to authorization by Trade and Market Department." This means that it is SEC's Trading and Markets Division rather than SEC Chairman Gary Gensler or other four members who have approved the Ethereum spot ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CryptoQuant: Whales have deposited approximately $7.5 billion worth of BTC to a certain exchange in the past month


Today, BTC options with a notional value of $13 billion expire, with the max pain point at $98,000.