The approval of the ETH ETF was solely and exclusively a political decision.

If you can read between the lines you will realize how corrupt the system is and that the SEC is not there to protect you.

With Bitcoin where supply is limited, where no one can change the monetary policy of the algorithm, it took them years to approve it.

With ETH which was premined and where Vitalik can change the monetary policy at will, it has been approved in just 2 months.