The SEC's smooth processing of Ethereum ETF applications hints at a potential early July approval, amidst growing political discourse over the impact on upcoming elections.
Key Insights
Pending Applications: The spot Ethereum ETF applications have been awaiting SEC approval for some time.
Positive Outlook: In a recent Bloomberg interview, SEC Chair Gary Gensler mentioned that the approval process is "going smoothly."
Potential Approval Date: Analysts predict we might see an approval during the first week of July.
Political Implications: The Ethereum ETF issue is becoming a political topic, with Brad Garlinghouse suggesting that Gensler's decisions could impact Biden's re-election chances.