Is the Ethereum spot ETF 100% approved?
I would say 99%. As I wrote in the first post, the 19b-4 filings from the Ethereum applicants are approved, which do however not register the definitive financial products (the ETFs themselves) but authorize rule changes for the exchanges where they will trade.
But the S-1 forms, which register the product (ETF) itself, should be approved at most in a few months, more likely in a few weeks.
Here there's some speculation about a potential date (Bloomberg expert Eric Balchunas says it could be around July 4).
The Ethereum spot ETFs in the other countries (Bermuda, Brazil and Hong Kong/China) are of course already trading some time, so the thread title is not wrong
Isn't it like Gensler is still negative here on ETH? It seems like he was forced because right now his acquaintance with ETH remains,
which is something that is still negative on his part.
I dunno if it's really about "negative"/"positive". It's the interpretation about the Howey test applying to ETH or not.
Here's a quite good article with a bit of depth, arguing that the ICO ETH tokens may have been "securities", but as now ETH has become an utility token and the ICO is long over, this does no longer apply, and PoS in the opinion of the writer doesn't change that. So this does actually not mean that you can now launch a new crypto ICO and then it will magically escape the "security" categorization. ETH has only chances to escape it because the ICO was long ago.
There's of course a lot of speculation if there was political pressure to the SEC of course but there's nothing proven afaik. There's also still the theory that the S-1 approval could be delayed several months until the SEC concludes the investigation if ETH is a security or not, but I think this possibility is quite low.
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