Bold is mine:

BlackRock filed an amended S-1 form for its proposed spot ether (ETH) exchange-traded fund (ETF) that revealed more information about the product that was recently approved for listing in the U.S.
...
Subject to regulatory approval, assets held in the ETF can be redeemed for cash or even ether. The iShares Ethereum Trust ether ETF will list and trade under “ETHA.”

Bloomberg analyst Eric Balchunas called the updated S-1 a “good sign,” adding that a launch by the end of June was “a legit possibility.”
...

https://www.coindesk.com/markets/2024/05/30/blackrock-amends-ethereum-etf-application-bloombergs-balchunas-sees-etf-going-live-by-june/

ETH price moved from USD ~$3000 to USD $3800 when the approval news broke.  The ETH ETFs are not yet actively trading.  The applications are moving through the approval process.  When they actually begin trading, ETH will start seeing upwards price pressure.

... so the question whether ETH is a security or a commodity is - at least in the USA - settled once and for all?

Officially, from what I've read from lawyers posting on X/Twitter, ETH must be considered a commodity once the SEC approves one of the applicant's S-1 registration statement (a formality before they begin trading, but a formality that has not yet happened).

If the spot ETH ETF is approved, it will be a true shock to everyone I know in DC who's close to this process.

That doesn't mean it won't happen.

It means approval could signal a major shift in US crypto policy after the SAB 121 vote, perhaps more important than the ETF itself.

Quote from: Eric Balchunas

Update: @JSeyff and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they'd be denied).

https://x.com/jchervinsky/status/1792645992463978533

•     The U.S. Securities and Exchange Commission (SEC) asked aspiring ether exchange-traded fund exchanges to update 19b-4 filings ahead of a key deadline this week.
•     The SEC had previously been expected to reject the ether ETF filings, and while there's no guarantee of approval, the move suggests progress is being made.

...

https://www.coindesk.com/policy/2024/05/20/ether-etfs-filing-process-sees-abrupt-progress-though-approval-not-guaranteed-sources/



ETH up 15% since Eric's tweet.

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I'm somewhat new to this site and am surprised there doesn't appear to be a discussion dedicated to THETA and TFUEL.  This seems like a really promising project.  They just held an AMA and showed off some of the developments in the pipeline and there is a lot happening.

Executive Summary (helicopter view):

• THETA is governance token (can be staked to earn TFUEL).  THETA is currently capped at 1 billion tokens.
• Theta Edge Node software can be downloaded and installed on any Windows or Linux computer.  The Edge Node software can perform jobs for the Theta Edge Cloud computing network.  Each job your Edge Node completes earns TFUEL (or another TNT token such as LAVITA).  The jobs are currently related to either AI processing or video processing.
• You can stake TFUEL to your Edge Node to upgrade it to an Elite Edge Node earning 3-4x more TFUEL

In the AMA they showcased more AI and video processing technology that they are rolling out.  They are also partnering with centralized cloud computing providers like Amazon Web Service to provide backup computing power.  They also mentioned that Edge Node for Android is coming "within weeks".

They are aiming to become the most scalable and cost effective cloud computing option available for AI applications (and graphics processing).  Seems like a huge growth market to me.

I'm in the USA.  Binance is in the crosshairs of America's war on crypto.  There are too many question marks on Binance/BNB for me.  I bought coins on blockchains that have active development and are trying to carve out some real world use cases.  I'm not in crypto for day trading.

...
Specifically though, the fifth point is the most decisive, I think. If prosecutors ...

There is a contingent within the US government that is actively supporting and prosecuting a war on crypto.  The executive branch is the worst offender with the Biden administration being completely hostile and directing Gensler and the SEC as their pitbull.  The legislative branch warriors are mostly Democrats aligned with Elizabeth Warren.  The judicial branch seems to be the only holdout - with many court rulings going against the SEC.

The Department of Justice (DoJ) is part of the executive branch.  They get their marching orders from the Biden administration.  Any court cases that help to mitigate the malfeasance will require significant effort from private actors.  The DoJ isn't going to help.