In early 2024, the Securities and Exchange (SEC) approved the launch of over 10 spot Bitcoin exchange-traded funds (ETFs) in a landmark decision. In the months leading up to the announcement, the price of Bitcoin rose dramatically, going from less than $30,000 in late October to above $48,000 in early January. Additionally, the ETFs attracted tens of billions in investment. Though this decision was limited to Bitcoin, the ruling opened the door for the possibility of other spot ETFs. Perhaps the most anticipated is Ethereum, the second-largest cryptocurrency by market capitalization. In 2023, …