SEC Chairman spoke optimistically for Spot Ethereum ETFs!
US Securities and Exchange Commission Chairman Gary Gensler gave information about the latest situation in spot Ethereum ETFs.
According to SEC Chairman Gensler, there is no problem with the first spot Ethereum ETFs to be launched in the USA. Gensler also touched upon the issue of ETH ETFs at a conference he attended yesterday and said that the most important factor at this point is the comprehensive statements made by asset managers in their statements. Emphasizing that these statements are extremely important for investor decisions, the SEC Chairman did not give a clue about when ETFs could start trading.
The SEC approved Spot Ethereum ETF applications from 8 asset management companies last month. However, more detailed information was requested for Form S-1 applications, which is the final document approval for ETF products to begin trading. This was a process that separated ETH ETFs from the spot Bitcoin ETF approval process.
Market experts think that, according to recent developments, the SEC may approve S-1 applications in the first week of July.
Eyes on July 2
Eric Balchunas, a Bloomberg ETF analyst, predicted that spot Ether exchange-traded funds could start trading on July 2 in his post on X yesterday. The Balchunas estimate came after VanEck resubmitted its application.
The analyst, who expects the application to be finalized in about a week, said that this coincides with the first days of July.
