According to BlockBeats, Nate Geraci, President of The ETF Store, expressed on May 26 that the approval of an Ethereum spot ETF holds more significance than that of a Bitcoin spot ETF. Geraci believes that this move indicates a fundamental shift in the attitude of regulatory authorities towards cryptocurrencies, suggesting there is no turning back.
Geraci's statement implies that the acceptance of an Ethereum spot ETF by regulatory bodies marks a significant milestone in the cryptocurrency industry. This development, he suggests, is a clear indication of the changing stance of regulators towards digital currencies, a shift that is irreversible.
The approval of an Ethereum spot ETF over a Bitcoin one, according to Geraci, is a more impactful event. This is because it signifies a broader acceptance and understanding of cryptocurrencies by regulatory bodies, marking a pivotal moment in the history of digital currencies.