Ethereum ETFs Likely to Receive SEC Approval by End of Summer, Says Gensler

Supporters of spot Ethereum ETFs scored a significant victory during a Senate hearing, as SEC Chair Gary Gensler confirmed that applications are progressing.



Addressing a subcommittee of the Senate Appropriations Committee, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler hinted that full regulatory approval for spot Ether (ETH) ETFs could be finalized by the end of September. Speaking at the June 13 budget hearing, Gensler noted that the final set of filings, known as S-1s or registration of securities, has reached staff review. Last month, the SEC approved proposed rule changes to list spot ETH ETFs, also known as 19b-4.



Despite confirming that Ethereum ETFs will likely commence trading soon, Gensler remained non-committal on Ether's asset classification. The SEC Chair did not explicitly state whether the


First found on: Cryptonews from Coinatory