🎉 The SEC has given a thumbs up to spot Ether (ETH) exchange-traded funds in the US! This nod of approval comes despite whispers of the regulator possibly labeling Ether as a security. This move follows the SEC's approval of Bitcoin ETFs earlier this year, making 2022 a year of firsts for the crypto industry. However, don't pop the champagne just yet, as ETF issuers still need the SEC's signature on their S-1 registration statements before trading can officially begin. This could take anywhere from days to months. Meanwhile, the House of Representatives has voted in favor of a bill that could bring more regulatory clarity to the crypto world. Stay tuned for more updates!