PANews reported on May 25 that according to The Block, former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton stated that the approval of an Ethereum spot ETF listing is a good sign for these products, and the registration statement and trading approval will be "inevitable." However, there are still some tricky issues surrounding the product. Clayton pointed out that the approval of an Ethereum ETF is a two-step process, with the listing approval completed yesterday, but the product approval itself is still pending. When comparing the approval differences between Ethereum ETFs and Bitcoin ETFs, Jay Clayton mentioned that the underlying cryptocurrencies have different answers regarding whether they are considered securities or commodities.