💥💥💥 Good news for #Ethereum Investors from #SEC Chairman Gary Gensler: He Set a Date for the Final Approval of Spot ETH ETFs!
SEC Chairman #GaryGensler Expects Approval of Spot Ethereum #ETFs by End of Summer
- Speaking before the Senate Appropriations Committee, SEC Chairman Gary Gensler indicated that he anticipates the approval of S-1 filings for spot Ethereum ETFs by the end of the summer.
- Fox correspondent Eleanor Terrett provided details on the discussion between Gensler and US Senator Bill Hagerty regarding the timeline for Ethereum ETF approvals.
- In May, the SEC approved 19b-4 applications for spot Ethereum ETFs. However, before these ETFs can begin trading, the SEC must also approve the S-1 filings. While market analysts expected the approval for S-1 applications for ETH ETFs to come in June or July, Gensler's statement aligns partially with these predictions.
As of now, Ethereum is trading at $3,518.
This is not investment advice.
Source - en.bitcoinsistemi.com
