U.S. SEC’s Stance on Spot Cryptocurrency ETFs Remains Unchanged

Despite expectations for change, the U.S. Securities and Exchange Commission (SEC) has remained steadfast in its position regarding spot cryptocurrency ETFs. Nate Geraci, President of The ETF Store, recently commented on social media platform X regarding this ongoing development. He acknowledged that the SEC’s initial approval of a spot Ethereum exchange-traded fund (ETF) last year came as a surprise, following Grayscale’s legal victory against the regulator. Despite significant shifts in the regulatory landscape since then, no other spot cryptocurrency ETFs have been formally approved by the SEC to date.