Gary Gensler Opts Out of Voting for Approved Spot Ether ETFs

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Unlike the spot Bitcoin ETFs, which were approved via voting by a five-member committee, including SEC chief Gary Gensler, spot Ether ETFs were approved by the Trading and Markets Division of the SEC.

The United States Securities and Exchange Commission (SEC) approved spot Ether exchange-traded funds (ETFs) on May 23, but the approval process differed slightly from the approval of spot Bitcoin ETFs in January. 



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