Spot Ether ETFs Are Approved, But Gary Gensler Didn't Vote for Them. Unlike spot Bitcoin ETFs, which were approved by vote of a five-member committee including SEC chief Gary Gensler, spot Ether ETFs were approved by the SEC's Division of Trading and Markets. https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/uploads/2024-05/32c3f3e3-0392-4f09-8ce3-1a164187502a.jpg
Gary Gensler had voted to approve spot Bitcoin ETFs in January. However, there is speculation about the factors that influenced his decision, including the outcome of Grayscale's appeal against the regulator. It is unclear how Gensler will approach the current string of Ether ETF applications