They wouldn't do an ETF for an unregistered security, right? That means Ethereum is considered a commodity now.
The same way that 2+2=5.
Discussion
The ETFs are approved, but not tradable yet. Which is strange in my eyes.
My theory is that the SEC wasn’t willing to fight against the ETFs. But what they still can do is a law suit in which they clarify that ETH is a security. This would mean that the approval has to be revoked.
Gensler have away his vote.. anything more to say?