Bernstein: SEC Approves Ethereum ETF for Practicality and Legal Dispute Avoidance

In a surprising move, the U.S. Securities and Exchange Commission (SEC) approved the Ethereum ETF despite the fluctuating credibility of the political narrative behind it. Bernstein analysts commented that President Joe Biden’s veto of the SAB 121 repeal bill indicates a more pragmatic decision by the SEC to avoid legal disputes.