SEC Chair Gensler Signals Approval for Spot Ether ETFs by End of Summer

United States Securities and Exchange Commission (SEC) Chair Gary Gensler suggested that the regulator might approve the final listings and trading shares of spot Ether exchange-traded funds (ETFs) within three months. During a Senate Banking Committee hearing on June 13, which discussed U.S. President Joe Biden’s 2025 budget requests for the SEC, Gensler indicated that the commission could approve S-1 registration statements for asset managers “sometime over the course of this summer.” Previously, on May 23, the SEC had approved 19b-4 filings from eight companies. However, these applications need S-1 approvals before the ETFs can trade on U.S. exchanges. Senator

Source: CryptoIntelligence