According to Odaily Planet Daily, Nate Geraci, president of The ETF Store, reviewed the SEC's decision to approve the Ethereum spot ETF on May 23, 2024, stating that after the loss in the Grayscale lawsuit, the SEC had "no choice at all." He hopes to see more insider details disclosed in the future and lamented that "the drastic changes in the regulatory environment over the past year are unbelievable." As of now, no other spot crypto ETFs have been approved besides Bitcoin and Ethereum.

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