Consensys highlights Ethereum's faster block finality, segregation of duties between proposers and attesters to prevent large stakeholder control, higher resistance to attacks, penalties for protocol rule violations, and eco-friendliness compared to Bitcoin. Moreover, Ethereum boasts a larger developer community and complete transparency, further strengthening its case for SEC approval.
Consensys urges the SEC to acknowledge Ethereum's advanced safeguards, asserting that they not only meet but exceed the security standards underlying Bitcoin-based ETFs already approved by the SEC. Despite the popularity of spot bitcoin ETFs, the approval of a spot Ethereum ETF in May remains uncertain, with Bloomberg ETF analysts estimating approval chances at approximately 30%.