There is currently a lot of confusion surrounding the ETH ETF:

1. Has the Ethereum ETF been approved? Yes, it has been approved under the 19b-4 filing.

2. When will trading begin? As outlined in the S-1 filing, companies are collaborating with the SEC on the details of their products. This process could take two weeks or more.

3. Is there a possibility that the S-1 filing might not be approved? Given that the 19b-4 filing has already been approved, there is no reason to believe the S-1 will be denied. It is just a matter of time.

4. Today, the commissioners authorized the SEC's market regulator to approve the Ether ETF without a vote. Does this mean the approval can be retracted? No, the commissioners themselves issued the authorization. While they can inquire about the decision, it is only for clarification. The Ether ETF has been approved.