“The launch of the first U.S. Ether (ETH) ETFs is progressing smoothly,” said Securities and Exchange Commission Chairman Gary Gensler. However, he did not reveal a launch date and dismissed questions about the possibility of launching before the US elections in November. 🤐 Gensler emphasized the importance of full disclosure by asset managers. The SEC approved applications from eight ETF applicants on May 23, but the asset managers are still making changes to their S-1 forms. Analysts predict the SEC could approve the funds for trading as early as next week.