The US Securities and Exchange Commission (SEC) has given the green light to Ether spot ETFs, while the approval was given by the agency’s “Division of Trading and Markets”. “The authorization was granted by the Division of Trading and Markets on behalf of the Commission with delegated authority,” the official statement said.

Therefore, Ether spot ETFs were approved by this unit, not Gensler and the other 4 commissioners.

As it will be remembered, in the decision made on Bitcoin spot ETFs on January 10, the members decided by voting, with chairman Gensler and two Republican commissioners Hester Peirce and Mark Uyeda voting in favor. Two members of the Democratic side, Jaime Lizarraga and Carolina Crenshaw, voted against. Some of the commissioners also published evaluations on Bitcoin spot ETFs.

In the statement made by the SEC yesterday, it was also stated that no further details would be given on the subject.

“An ordinary situation”

Bloomberg ETF analyst James Seyffart stated that there is nothing abnormal here:

“Making decisions via delegated authority is the NORM. This is how things are typically done. If SEC required an official vote for every decision or every document — it’d be insane,”