According to Foresight News, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said that when the spot ETF linked to Ethereum will begin trading depends largely on how quickly the issuer responds to the SEC's inquiries. He said, "These registrants will proactively respond to the comments received, but the extent of the response actually depends on themselves." Gensler declined to say whether he thought the process would take weeks or months.