🚀Hey #CryptoTwitter, guess what? SEC Chair, Gary Gensler, just hinted that final approvals for Ethereum's ether ETFs could be done by this summer! 🌞🎉

🔍In a recent budget hearing, Gensler told senators that the process is going smoothly. The initial round of applications has been approved, and now the final registration requirements are being handled at the "staff level".

📈Once approved, these new ETFs will open the wider markets to easy-to-trade funds that hold actual ether, much like the earlier bitcoin spot ETFs. Now, isn't that something to look forward to? 🎁

🤔But here's a twist: when asked if ETH is a commodity, Gensler didn't give a straight answer. However, Commodity Futures Trading Commission chief, Rostin Behnam, said "Yes." 🎭

👇So, what do you think? Is ETH a commodity? Drop your thoughts in the comments! #DeFi #Web3

P.S. If this post doesn't scream DeFi & Web 3, reply with "This post is not relevant." 😜