Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Gensler Discusses Ethereum ETF: Will SEC Expedite Approval?
ALTCOIN NEWS

Gensler Discusses Ethereum ETF: Will SEC Expedite Approval?

By Crypto FlexsJune 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Gensler Discusses Ethereum ETF: Will SEC Expedite Approval?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Gensler’s comments about the Ethereum ETF fuel speculation about the speed of the SEC’s review.
  • The SEC’s approval of the listing of the ETH ETF signals a changing stance.

The cryptocurrency community is abuzz with speculation following recent comments from SEC Chairman Gary Gensler.

In a report by Reuters, Gensler said the approval process for a spot Ethereum (ETH) exchange-traded fund (ETF) in the United States will depend on the issuer’s response to feedback from the SEC. he said,

“These registrants are self-motivated to respond to the comments they receive, but how responsive they actually are is up to them.”

These developments have sparked optimism among many who fear lengthy delays, suggesting the SEC may move to a more accelerated review process.

However, in a separate conversation with CNBC Squawk Box, Gensler said:

“Basic exchange-traded products must go through a process for disclosure. “It will take some time, but we are working on it right now.”

Some interpreted this as a sign that it may take time for the committee to approve the S-1 form.

This juxtaposition raises questions about the SEC’s stance on the industry.

Discussing the broader cryptocurrency market, Gensler said:

“Exchanges like the New York Stock Exchange (NYSE) are properly regulated to protect against fraud and do not trade against you. And these cryptocurrency exchanges are doing things that we would never allow on the NYSE.”

How did ETH react?

These different remarks caused noticeable fluctuations in the price of ETH. At the time of writing, ETH was trading at $3,819.16, down 0.70% in the last 24 hours.

The relative strength index (RSI), a technical indicator, exceeded 50, indicating significant buying pressure.

ETH-TradingView

Source: TradingView

Grayscale’s role in the Ethereum ETF

The SEC’s change in tone regarding spot Ether ETFs ahead of the deadline has not yet been explained.

However, Gensler hinted in discussions with Reuters that the decision may have been influenced by Grayscale’s legal issues regarding its Bitcoin ETF the previous year.

Grayscale argued that since the SEC approved a Bitcoin futures ETF, there is no reason to reject a spot Bitcoin ETF. Gensler said the situation is similar for Ethereum, as ETH futures have been trading since last year.

Next: Arthur Hayes adjusts Bitcoin outlook: Predicts surge following interest rate cuts

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

JPMORGAN accepts Bitcoin ETF with loan collateral: How investors can benefit

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Start BTC, DOGE and ETH mining today!

June 6, 2025

AI increases artistry as an innovative creation at NVIDIA GTC Paris.

June 6, 2025

JPMORGAN accepts Bitcoin ETF with loan collateral: How investors can benefit

June 6, 2025

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025
Most Popular

Woo Network Price Prediction: WOO Soars 31% as This LoLBit Competitor Closes at $4 Million

December 15, 2023

XRP price prediction: How high can I go in 2025?

March 12, 2025

Türkiye proposes bringing cryptocurrency legislation in line with international standards

May 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.