Spot ETH ETF Approvals Slated For This Summer, SEC Chair Gary Gensler Says
United States Securities and Exchange Commission (SEC) Chair Gary Gensler expects Spot ETH ETFs to be approved sometime this summer, the federal regulator claimed in testimony before the Senate Appropriation Committee on Thursday morning.
When asked by Senator Bill Hagerty (R-TN) about when spot ETH ETFs would be approved, Gensler stated he “would envision sometime over the course of this summer.”
While the SEC Chair noted that “individual issuers still are working through the registration process,” he claimed that the spot ETH ETF approval process was going altogether “smoothly.”
“If you’re indicating to me that those applications will be approved by the end of the summer, then I appreciate that,” Hagerty said.
Gensler was apprehensive about fully solidifying an approval date for the long-awaited ETF, however, claiming that each applicant’s registration statements “have to have the proper disclosures” before they can become effective.
“It’s this disclosure-based regime we have at the SEC and I would say that largely the crypto field has been thumbing its nose at it and has been non-compliant ,” he continued.
Applicants are currently awaiting a decision on their S-1 forms. The basic registration form is the last one required before approval by the federal regulator following the May 23 authorization of spot ETH ETF hopefuls’ 19b-4 forms.
“Will be interested to see changes in next batch of amended S-1s,” ETF specialist Nate Geraci posted to X. “There can’t be *that* much work left to do.”
SEC Chair Gensler says he envisions spot eth ETF S-1s likely approved by end of summer…
So that can be whenever.
Will be interested to see changes in next batch of amended S-1s. There can't be *that* much work left to do.
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