Update ETH SPOT ETF.
SEC Chairman Gary Gensler stated that the timing of the launch of ETH SPOT ETFs will depend on how quickly ETF issuers respond, rather than on the SEC itself.
This means that the responsibility lies with finance companies and asset managers to ensure that their applications are complete and comply with regulatory requirements.
Gensler did not provide a specific timeline or details on the approval process, emphasizing that the process will be similar to that for Bitcoin ETFs.
So now the problem is no longer the SEC but whether the funds will soon complete the S-1 application to comply with the previously issued SEC requirements.
