However, the SEC did not spring another major surprise and granted approval to the ETFs as anticipated. The S-1 Form approvals for the spot Bitcoin ETFs were granted consecutively. Due to the swift change of heart by the SEC regarding Ethereum, these forms were unable to be organized in a timely manner. Nevertheless, since the deadline for the applications submitted by VanEck and ARK had arrived, the SEC was obligated to disclose its decision of approval.
