According to Jinshi, U.S. Securities and Exchange Commission (SEC) Chairman Gensler said on Wednesday that when a spot ETF linked to the cryptocurrency Ethereum will begin trading depends largely on how quickly the issuer responds to SEC inquiries.
Gary Gensler and SEC officials have not previously commented on why the SEC made a U-turn and approved the application for a spot Ethereum ETF, but he said on Wednesday that a lawsuit filed by Grayscale last year forced the SEC to approve a spot Bitcoin ETF in January, which affected the SEC's view on Ethereum.
