Odaily News The approval document for the spot Ethereum ETF shows that the approval decision was made by the SEC's Trading and Markets Division, not five commissioners including SEC Chairman Gary Gensler. In the document on the approval of Form 19b-4 for companies such as BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton, the last line reads: "This decision was made by the (SEC) Trading and Markets Division on behalf of the Commission, in accordance with the authorization authority." Bloomberg ETF analyst James Seyffart said that it is normal for the SEC to make decisions through authorization. (The Block)