According to Odaily Planet Daily, Nate Geraci, president of The ETF Store, said on the X platform that the mainstream media's coverage of the Ethereum spot ETF approval process was confusing, and he was told that it was "politically driven." He pointed out that no matter how you look at Grayscale, their victory in the Bitcoin spot ETF lawsuit has an impact on the regulation of spot Bitcoin and Ethereum ETFs, and they are like a bulldozer.