However, the SEC did not deliver another consecutive shocker and granted approval to the ETFs as anticipated. The approval for the spot Bitcoin ETFs was given in succession, with the S-1 Form approvals following one another. Due to the rapid and unexpected change of heart by the SEC towards Ethereum, there was insufficient time to organize these forms accordingly. Nevertheless, since the designated deadline for the applications submitted by VanEck and ARK had arrived, the SEC was compelled to announce its decision to grant approval.
