[Breaking News] According to Golden Finance, the U.S. Securities and Exchange Commission (SEC) approved the 19b-4 forms of multiple Ethereum spot ETFs this week, including ETFs from BlackRock, Fidelity, and Grayscale. However, ETF issuers need to wait until the S-1 registration statement takes effect before they can begin trading. The legal community is divided on the impact of the SEC's approval of the Ethereum ETF. Paul Grewal, chief legal officer of Coinbase, said that the issuer's use of the S-1 form means that a certain percentage of the fund's assets can be securities, but this does not mean that ETH is a security. He emphasized that there is no other conclusion to prove this except that ETH is not a security.