In a decision that has sparked debate within the financial industry, the Securities and Exchange Commission (SEC) has approved the launch of spot Ether ETFs. However, unlike spot Bitcoin ETFs which required a vote from a five-member committee, this approval was granted solely by the SEC's Trading and Markets Division - a move that has raised questions about the role of SEC chief Gary Gensler in the decision. In this article, we delve into the reasons behind Gensler's absence from the vote and the potential implications for the rapidly growing cryptocurrency market.