"The process of launching the first Ether (ETH) ETFs in the US is proceeding smoothly," says Gary Gensler, chairman of the SEC. However, he did not disclose the timing of the launch and defers the possibility of their launch until the November US elections. Gensler emphasizes the importance of full disclosure for investors. The SEC approved applications from eight ETFs on May 23, but asset managers are still making changes to the S-1 form. Analysts predict that the SEC could approve the funds for trading as soon as next week.