SEC Chairman Confirms Smooth Approval Process for Spot Ethereum ETF

Gensler on Ethereum ETF Approval

Gensler pointed out that the core of Ethereum spot ETF approval is that asset managers need to provide detailed information disclosure. He emphasized: "Transparency is the key to the registration statement." Although he did not disclose the exact listing time, he affirmed that "the process is smooth."

If you look at it this way, the Ethereum spot ETF may be listed in early July. After the SEC approves Form 19b-4, the completion of the S-1 application becomes the key.

Asset management companies such as BlackRock and VanEck are actively improving their applications. BlackRock has disclosed fees and seed funds in detail, while VanEck is closer to approval by submitting Form 8-A.

Politics and Cryptocurrency

Faced with the issue of the connection between cryptocurrency policy and elections, Gensler remained neutral, saying that "it does not involve elections." He insisted that existing regulations are sufficient, and believed that "crypto securities do not conflict with existing laws," criticizing non-compliant trading behavior.

Ethereum spot ETF approval is progressing steadily, although the timetable is unclear. The regulatory needs of political changes and cryptocurrency development are highlighted, and market participants look forward to further development.

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