🚀 SEC Chair Gary Gensler hints at a summer of love for Ether ETFs. The final approval for listings and trading shares could be just around the corner, folks! 🎉
In a recent Senate Banking Committee hearing, Gensler suggested the SEC could greenlight S-1 registration statements for asset managers "sometime over the course of this summer."
🤔 Senator Bill Hagerty questioned why Ether ETFs hadn't been fully approved yet. Gensler, ever the diplomat, shifted focus to the ETFs, stating that the registration process is "working smoothly."
Bloomberg ETF analyst Eric Balchunas thinks launching Ether products on U.S. exchanges in June is feasible, but final SEC approvals might come by July 4. 🇺🇸
👀 Who will be the first to launch once the S-1 registration statements are approved? BlackRock? Fidelity? Grayscale? Let's hear your predictions in the comments! #DeFi #Web3 #CryptoNews