Why the demand of Ether not changing much despite Ether ETFs being approved?

[AGM]

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In the cryptocurrency space, SEC chief Gary Gensler is often hostile to crypto. He had this attitude before and still now. After recently approving spot bitcoin ETFs, the agency has now approved spot ether ETFs, but there are concerns about the specific reasons why the approval process for bitcoin ETFs and ether ETFs are different. But as far as I know SEC chief Gary Gensler has not yet agreed to comment on anything outside of the official guidelines. Ether ETFs are only approved based on voting systems and market divisions.

 Do you think that Ether's different ETF approval process is a political influence or something else?

[MrSpasybo]

In the cryptocurrency space, SEC chief Gary Gensler is often hostile to crypto. He had this attitude before and still now. After recently approving spot bitcoin ETFs, the agency has now approved spot ether ETFs, but there are concerns about the specific reasons why the approval process for bitcoin ETFs and ether ETFs are different. But as far as I know SEC chief Gary Gensler has not yet agreed to comment on anything outside of the official guidelines. Ether ETFs are only approved based on voting systems and market divisions.

Do you think that Ether's different ETF approval process is a political influence or something else?

I'm quite confused because the content of the topic is different from its title ^^
First of all, we already have ETH Spot ETF, traditional investors in the US may soon be able to trade this asset the way they are trading BTC Spot ETF. Gary Gensler's opinion is no longer important for ETH Spot ETF.

As mentioned, investors cannot yet buy or sell ETH Spot ETF, which means that money cannot flow into ETH and the market does not have additional buying pressure from ETH Spot ETF providers. At the same time, Grayscale is also holding a lot of ETH ~ 2.94M ETH and has negative inflows in the first few months, similar to BTC Spot ETF. However, I believe that ETH Spot ETF is still a great success for ETH and many POS tokens in the market, and is the driving force for a stronger bullrun.