Jake Chervinsky, Chief Legal Officer of Variant Fund, tweeted that if a spot ETH ETF is approved, it would signify a significant shift, indicating a major change in the cryptocurrency regulatory policy in the United States. He noted that this development might be more important than the ETF itself, as it foreshadows regulatory policy changes following the SAB 121 vote.

Wu learned that Jake Chervinsky, the Chief Legal Officer of Variant Fund, tweeted that if a spot ETH ETF is really approved, everyone I know who understands the regulatory situation in Washington will be greatly surprised, but that doesn't mean it won't happen. This implies that the approval of the ETF may indicate a significant shift in U.S. cryptocurrency regulatory policy after the end of the SAB 121 vote, which may be more important than the ETF itself.

VARIANT FUND's Chief Legal Officer believes that the approval of an Ethereum ETF will signify a significant shift in US cryptocurrency regulatory policy.