The saga of Ethereum ETFs in the US continues with a new twist: cautious optimism. After the US Securities and Exchange Commission’s unexpected green light for spot Ethereum ETFs in May, investors have been eagerly awaiting the launch date. But according to SEC Chair Gary Gensler, patience remains key.
Gensler Throws Cold Water On Rapid Launch Hopes
In a recent interview with CNBC, Gensler tempered expectations, stating that final approvals for individual ETFs “will likely take some time.”
This suggests that the review process will likely take a long time, which could postpone the establishment of Ethereum ETFs, according to Eleanor Terrett, a writer for Fox Business. However, Gensler did offer a glimmer of hope, acknowledging that the process is underway.
NEW: @SECGov Chairman @GaryGensler says the next step in the $ETH ETF approvals “will take some time,” possibly indicating a potential slow-walk of the S-1 approval process. https://t.co/iwfN9vvmt8
— Eleano
We współpracy z: https://bitcoinist.com/ethereum-etf-approval-uncertain-sec-chair-warns/
