SEC Chair Gary Gensler has indicated that Ether ETFs could be fully approved by summer 2024, marking a significant step for the crypto market. The approval process, involving detailed registration processes, is reportedly moving smoothly. However, delays have occurred, causing frustration among lawmakers and industry observers. A key point of contention is the regulatory authority over crypto assets, with Gensler avoiding directly classifying Ether as a commodity, leaving its oversight between the SEC and the Commodity Futures Trading Commission (CFTC) unclear. The approval of Ether ETFs is expected to significantly impact the market, potentially increasing investment and market stability. As the final approval stages approach, anticipation within the investment community is building.