Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»SEC Chairman Gensler said the timeline for the launch of a spot Ethereum ETF will depend on the pace of applicants.
ETHEREUM NEWS

SEC Chairman Gensler said the timeline for the launch of a spot Ethereum ETF will depend on the pace of applicants.

By Crypto FlexsJune 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC Chairman Gensler said the timeline for the launch of a spot Ethereum ETF will depend on the pace of applicants.
Share
Facebook Twitter LinkedIn Pinterest Email

SEC Chairman Gary Gensler said the timeline for the launch of a spot Ethereum ETF would depend on how quickly applicants respond to regulators’ questions and provide comments on reasons for approval.

Gensler told Reuters in a June 5 interview that the companies were “self-motivated” to respond to the SEC comments and could decide whether to respond.

Previous reports have indicated that the SEC will comment on the recently amended S-1 registrations of eight spot Ethereum ETF issuers. Applicants will then submit additional revisions prior to launching each product.

Gensler did not say how many weeks or months the process might take.

Grayscale influenced ETH’s stance.

The SEC chairman said Grayscale’s legal victory, which paved the way for approval of a spot Bitcoin ETF, also affected the SEC’s stance on spot ETH products.

Grayscale has argued that the SEC should approve a Bitcoin ETF based on the correlation between the Bitcoin spot and futures markets, just as it approved Bitcoin and Ethereum futures ETFs over the past few years.

Gensler previously said the legal consequences led the SEC to approve a spot Bitcoin ETF in January. He did not connect the results to the SEC’s position on ETH until recently.

Gensler told Reuters that market correlation was key to the SEC approving the latest spot Ethereum ETF. He said:

“(SEC staff) have looked at these (Ether) filings. The correlations are relatively similar to correlations in the Bitcoin space.”

Gensler was interviewed by CNBC.

Gensler made similar comments in a CNBC interview on June 5, saying the launch of a spot ETH ETF “could take some time.” He did not speculate on a release date.

Gensler also told CNBC that the SEC compared the spot Ethereum market to the Ethereum futures market in its recent decision. Gensler said the ETH futures ETF has been trading on the Chicago Mercantile Exchange (CME) for more than three years.

Industry experts have speculated on the launch date, with Bloomberg ETF analyst Eric Balchunas predicting the ETF could launch by the end of June and considering July 4 as an over/under date.

Polymarket, which represents community betting based on the amount of cryptocurrency staked, lists a 57% chance that the funds will begin trading by July 4.

SEC Chairman Gensler said the timeline for the launch of a spot Ethereum ETF will depend on the speed with which applicants first appear on CryptoSlate.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Issue running Bitcoin feature test ‘feature_bind_port_discover.py’ on Ubuntu

January 1, 2024

ETHDENVER-EY X EEA: 2 minutes at the future and venue of Enterprise Ethereum

February 24, 2025

JPMorgan analysts identify key catalysts shaping the near-term outlook for cryptocurrencies.

October 7, 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.