The decision to approve spot ETFs for ether was made by the SEC's Division of Trading and Markets, not the commissioners. SEC Commissioner Gary Gensler did not vote to approve the applications.

Although the regulator has approved the listing of spot Ether ETFs on exchanges, issuers need to have their S-1 registration statements in effect before commencing trading. Bloomberg Intelligence senior analyst Eric Balchunas stressed that it could take several weeks for S-1 documents to be approved.#etf #Ethereum