The ETF Store President: The launch of an Ethereum ETF is a reluctant move by regulators

BlockBeats News, May 25th, according to a post by Nate Geraci, President of The ETF Store, on X, said: "One year ago, the U.S. Securities and Exchange Commission 'accidentally' approved a spot Ethereum ETF, my initial view persists: due to Grayscale's lawsuit against the U.S. SEC resulting in a victory, regulators had no choice, hoping to one day understand the full story. Since then, although the regulatory environment has undergone significant changes, so far no other spot cryptocurrency ETF has been formally approved."