People are now speculating that there's going to be an Ethereum ETF that gets approved as well. Because if you approve one, there's probably legitimate cause to approve a few others.View on YouTube
After the SEC approved multiple U.S. spot Bitcoin ETFs on January 10, 2024, it went on to approve applications to list eight spot Ether (Ethereum) ETFs on May 23, 2024, clearing the key regulatory hurdle for U.S. spot Ethereum ETFs.(investopedia.com) On July 22–23, 2024, the SEC finalized approvals for these funds to trade, and nine spot Ether ETFs began trading on major U.S. exchanges (Nasdaq, NYSE Arca, and Cboe BZX), including products from BlackRock, Fidelity, VanEck, Bitwise, Grayscale and others.(investors.com) Individual issuers confirm that their U.S.-listed Ethereum ETFs, such as VanEck’s ETHV on Cboe BZX and Bitwise’s ETHW on NYSE Arca, provide direct (spot) ether exposure and launched in mid‑2024.(vaneck.com) This matches the normalized prediction that, following the approval of U.S. spot Bitcoin ETFs, at least one U.S. spot Ethereum ETF would also be approved by the SEC and trade in ETF form on major U.S. exchanges, so the prediction is right.