In an interview at the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed confidence in the approval process for spot Ethereum ETFs, though he did not provide a specific timeline.
He also declined to comment on how the current administration’s stance on cryptocurrency might influence the upcoming election.
Spot Ethereum ETF Approval Process Running Smoothly
Gensler highlighted that the main focus now is on asset managers. He stated, “It’s really about the asset managers making full disclosure so that those registration statements can go effective.” Despite the ongoing work, Gensler mentioned the process remains smooth, saying, “I don’t know the timing, but it’s going smoothly.”
Initially, Gensler suggested that spot Ethereum ETFs would go live in the summer. Last month, the SEC approved the 19b-4 forms, paving the way for this investment class. Currently, the SEC and issuers are working on S-1 filings, which need approval before the products can begin trading
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