According to the Daily Planet, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said that although some people expected that the spot Ethereum ETF might be the next to be approved, several spot Bitcoin exchange-traded products approved by the SEC earlier this month were limited to Bitcoin. Gensler emphasized that this decision should not be interpreted as involving other non-securities commodities. On January 10, the SEC approved 11 spot Bitcoin ETFs after a Washington, D.C. court asked the SEC to review Grayscale's spot Bitcoin ETF application. Gensler said that investors in Bitcoin funds can now get better disclosures because they are listed on stock exchanges instead of trading in the over-the-counter market. At the same time, the listing of multiple spot Bitcoin ETFs has brought competition, and investors have benefited from it because fees have been reduced.