SEC Chairman Reveals When #Ethereum ETF Spot Will Open for Trading
US Securities and Exchange Commission (SEC) Chairman Gary Gensler has revealed that the S-1 application for the Ethereum ETF Spot will likely be approved by the end of the summer, meaning the funds will be vested. translated at that time. Normally, summer in the US lasts from June to August.
This statement was made by Mr. Gensler during a hearing before the US Senate on the 2025 financial budget of the SEC and the Commodity Futures Trading Commission (CFTC).
On May 24, the US Securities Commission (SEC) accepted the Ethereum ETF Spot applications of many different financial giants such as VanEck, Blackrock... Specifically, the SEC approved Ethereum ETF proposals of Grayscale and Bitwise trade on the NYSE; iShares (BlackRock) on Nasdaq; along with VanEck, ARK/21 Shares, Invesco, Fidelity and Franklin Templeton on the Cboe BZX stock exchange.
However, Bloomberg ETF analysts claim that the SEC has only approved Ethereum ETF proposals based on 19b-4 filings. According to the process, ETF issuers need to complete an S-1 file and submit it to the securities commission to determine the time to officially start trading. Industry experts predict the Ethereum ETF could go live in July or August, depending on the SEC's ability to respond and resolve the issue.
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