According to ChainCatcher, financial lawyer Scott Johnsson posted on a social platform that according to official documents, the SEC is considering the ETH security issue in the ETH spot ETF order, and this issue has not been mentioned at all in the application for Bitcoin spot/futures ETF products.

Bloomberg analyst James Seyffart commented that it seems that the possibility of the SEC rejecting the Ethereum spot ETF with "Ethereum is a security" has increased. There is no guarantee that they will do so, but he believes that this almost guarantees that the SEC is at least considering doing so.