[SEC Chairman Gary Gensler was asked about cryptocurrency and Ethereum spot ETFs]
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler did not explicitly respond to the possibility of approving a spot Ethereum ETF. In an interview with Yahoo Finance, regarding spot Ethereum ETF applications submitted by multiple companies, Gensler said that the SEC will review these applications based on specific facts and scenarios, but declined to prejudge the outcome.
Well-known companies including BlackRock and Fidelity have recently submitted applications for spot Ethereum ETFs. There are optimistic voices in the industry that believe that based on the existence of existing Ethereum futures ETFs and Grayscale’s victory against the SEC in court, the SEC may approve it. Spot Ethereum ETF. Last summer, a court ruling required the SEC to revisit Grayscale’s application for a spot Bitcoin ETF, ultimately leading to the approval of the spot Bitcoin ETF.
However, Gensler emphasized that the approval of a spot Bitcoin ETF should not be viewed as a general approval of other types of cryptocurrency ETFs. Gensler has been treating most cryptocurrencies as securities and has called on companies to register with the SEC. He expressed concern that the crypto space is rife with abuse and fraud, noting that investors are in many cases unable to obtain proper disclosure of the market, criticizing the centralized character of some platforms, and the failure of brokers to manage investor assets without transparent disclosure. practice.
