US SEC Commissioner Gensler expects approval of S-1 forms for Ethereum spot ETFs “within the summer.” Literally - “sometime in summer”. American media reports.
The deadlines are as vague as possible, given that yesterday the president of the investment advisory company ETF Store, Nate Gerasi, called the deadline “by the end of the month.”
It would be possible, of course, by the end of the summer, fueling trading expectations with news from the chronology of approval. If it weren’t for the “everything is lost” sentiment in the market. Uncertainty regarding#BTCand strong corrections in altcoins do not allow players to positively perceive the news regarding the consideration of issuers' S-1 forms.
The sideways movement in BTC since May has been exhausting the market, deposits and the psyche of traders. And all the positive news on the launch of spot Ethereum ETFs is simply ignored. A noticeable contrast to the launch of spot Bitcoin ETFs.
