In a rather predictable move, the SEC did not spring another unexpected surprise and granted approval to the ETFs as anticipated. The approval for the spot Bitcoin ETFs was swiftly followed by the issuance of the S-1 Form approvals. Unfortunately, due to the rapid shift in the SEC’s stance towards Ethereum, these forms could not be organized in a timely manner. Nevertheless, with the final decision date looming for the applications submitted by VanEck and ARK, the SEC had no choice but to disclose its decision to grant approval.
