Ethereum ETF process is ‘going smoothly,’ says SEC’s Gensler
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SEC Chair Gary Gensler didn’t comment on when his agency would approve Ether ETFs for trading, but analysts predict it could be as soon as next week.
Speaking at a June 25 Bloomberg conference, Gensler remained tight-lipped on when the ETFs could launch and deferred when asked if they could go live before the November U.S. elections.
“It’s really about the asset managers making the full disclosure so that those registration statements can go effective,” he said.
The SEC approved 19b-4 filings from eight ETF bidders on May 23 but the asset managers are still making tweaks to their Form S-1’s — the final filings the SEC needs to approve before they go live for trading.
Analysts have predicted the SEC could approve the funds for trading as soon as next week — the first week of July.
