🎉🎉Good news! The U.S. SEC approved the 19b-4 forms for multiple Ethereum spot ETFs this week, including those from BlackRock, Fidelity, and Grayscale. Although the forms have been approved, ETF issuers need to make the S-1 registration statement effective before they can start trading. 📈📈

🧐Legal professionals have different views on this news. Paul Grewal, chief legal officer of Coinbase, believes that this is a watershed in the long-standing debate about the status of ETH. He said that the SEC has been evasive in its position and failed to indicate whether Ethereum is a security, non-security, commodity, or something else. Grewal claimed that because the issuer used the S-1 form, a certain percentage of the assets in the fund could be securities. He added: "There is no other conclusion that can prove this except that ETH is not a security." 🔍🔍

👀On the other hand, others, including Coy Garrison, former legal counsel to SEC Commissioner Hester Peirce, have also said that ETH must become a commodity after the spot Ethereum ETF is approved. Garrison said in an email that the SEC's approval order confirms that ETH is a commodity. 👏👏

🤔This news undoubtedly brings new insights into the definition of Ethereum's status. Let us wait and see the subsequent developments! 🚀🚀