According to BlockBeats, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently said in an interview with Bloomberg that the SEC has received 8-10 documents from ETF issuers, and there is a certain process for approval, and he looks forward to hearing suggestions from staff. Bloomberg ETF analyst Eric Balchunas said that most courts will only reiterate what they have already said and will not require the SEC to convert GBTC (to spot ETFs). This is not within the power of the court. Therefore, even if Grayscale GBTC wins, the SEC controls its fate to a certain extent. This shows that the supervision of the blockchain market is still gradually improving, which is expected to bring more opportunities to the development of cryptocurrency ETFs.