The US Securities and Exchange Commission (SEC) is making progress on the launch of the country's first spot Ether (ETH) exchange-traded funds (ETFs), according to Chair Gary Gensler. He did not provide a specific timeline for the launch, but analysts predict the funds could be approved for trading as early as the first week of July. Gensler emphasized the importance of asset managers making full disclosures for their registration statements. He also addressed the ongoing debate around crypto securities, stating that existing securities laws are clear and applicable to digital assets.