Former SEC Chairman: Spot Ethereum ETF trading is “inevitable”

Golden Finance reported that former US Securities and Exchange Commission Chairman Jay Clayton said that trading of spot Ethereum ETFs will be “inevitable”, but there are still questions. Clayton noted that approval of the Ethereum ETF is a two-step process, with listing approval already obtained but approval of the product itself still pending. He believes that such approval is inevitable, although there are still some issues that need to be resolved. When comparing the differences in approvals for the Ethereum ETF and the Bitcoin ETF, Clayton mentioned that the underlying cryptocurrencies of the two have different answers on whether they are considered securities or commodities. He pointed out that although the underlying transactions of Ethereum are still not clearly classified, the market's spot trading of Bitcoin and Ethereum has developed significantly. Although the specific details of the Ethereum ETF have not yet been determined, it is expected that the funds may begin trading in July or August.