Analyst Seyffart: Ether ETF is Next After Bitcoin

James Seyffart stated that the SEC recognizes Ether as a commodity, which is a positive sign for Bitcoin spot ETFs. According to the analyst, the SEC's stance on this issue may increase the chances of approval of Ether spot ETFs.
James Seyffart opined that the SEC may accept an Ether spot ETF later this year. According to the analyst, the SEC's view of Ether as a commodity could increase the likelihood of Ether spot ETFs being approved. This comment may have sparked a lot of interest in the cryptocurrency community and among investors.

They accept it as a commodity, but they cannot say it

According to the analyst, the SEC has recognized Ethereum as a commodity by approving Ether futures ETFs. It is possible to say that this approval means that the SEC considers Ethereum as a commodity within the scope of existing regulations. However, it should be noted that the SEC has not made an official statement on this issue and does not directly classify Ethereum as a commodity.

Ether spot ETF also approved this year

According to analyst James Seyffart, the SEC is said to consider Ether as a commodity and therefore an Ether spot ETF is likely to be approved later this year. However, it has been noted that the SEC has not officially classified Ether as a commodity, and there is a certain struggle between the SEC and the CFTC regarding regulations regarding Ethereum. Seyffart also stated that he thinks spot Bitcoin ETFs can make a significant entry into the crypto market and bring at least 10 billion dollars to these products within 1 year.