In the immediate aftermath of this week’s historic approval and listing of 10 spot Bitcoin ETFs, excitement has spread to the Ethereum community that a spot ETH ETF could now be imminent.

But for those concerned about too much celebration in one week, worry not: Securities and Exchange Commission (SEC) Chair Gary Gensler is always there to rain on the parade. 

In an interview with CNBC this morning, Gensler gave very little encouragement when asked if a spot Ethereum ETF is poised to gain SEC approval any time soon. 

“I look at what we did this week as cabin to one non-security commodity called Bitcoin,” Gensler said. “Like we’ve had gold spot exchange-traded products, and silver spot exchange-traded products approved in the past, this is cabin just to that one non-security commodity token.”

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Author: Sander Lutz

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