NEWS: US Securities and Exchange Commission (SEC) Chairman Gary Gensler suggested to lawmakers that the regulator could give the final go-ahead for listing and trading of Ether (ETH) spot exchange-traded fund shares within three months.
At a June 13 hearing in the Senate Banking Committee discussing US President Joe Biden's 2025 budget requests for the SEC, Gensler said he expected the commission to approve S-1 registration statements for asset managers "sometime this summer."
On May 23, the SEC approved 19b-4 applications from eight companies, but the applications require S-1 approval before the ETFs can begin trading on US exchanges. While some analysts had predicted that Ether spot ETFs could begin trading on US exchanges by the end of June, the SEC has not yet set an exact date.
It is important to note that final approval of spot Ether ETFs could take a few weeks after the 19b-4 filings are greenlit. However, ETH ETFs are expected to launch sometime this summer.
