U.S. SEC's Stance on Spot Cryptocurrency ETFs Remains Unchanged

According to Foresight News, Nate Geraci, President of The ETF Store, recently commented on social media platform X about the U.S. Securities and Exchange Commission's (SEC) unexpected approval of a spot Ethereum exchange-traded fund (ETF a year ago. Geraci noted that his initial perspective was that the SEC had no choice but to approve the fund following Grayscale's legal victory against the regulatory body. Despite significant changes in the regulatory environment since then, Geraci pointed out that no other spot cryptocurrency ETFs have been formally approved by the SEC to date.