❗ The SEC has approved the launch of spot Ethereum ETFs, but trading is likely to be delayed due to bureaucratic formalities. Eight companies have received approval for the ETFs, but trading cannot begin until registration statements are signed. Analysts predict that this process may take several weeks or even up to five months.
❗ However, the approval of the ETF is considered a historic moment for Ethereum. The SEC still classifies ETH as a commodity, but its final status will be determined after the approval of the S-1 form. Representatives of the crypto industry are hopeful for improved political conditions, increased investments, and new laws that support Bitcoin and Ethereum.