Ether ETFs Should be Fully Approved by September, Says SEC Chair Gensler
Summary
The U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler, has stated that the final approvals for exchange-traded funds (ETFs) trading Ethereum's ether (ETH) should be completed by this summer. The process is reportedly going smoothly after the initial approval of a group of ETFs. The SEC is currently handling the final registration requirements, known as S-1 filings. Once approved, the new ETFs can be listed, allowing wider markets access to funds that hold actual ether. Gensler did not confirm whether ETH is a commodity, maintaining the SEC's uncertain stance on the asset. However, Commodity Futures Trading Commission chief Rostin Behnam responded affirmatively when asked the same question.
