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Fortune
Fortune
Michael del Castillo

Ethereum ETF update: CFTC chair Gary Gensler says application is ‘going smoothly’

CFTC chairman Gary Gensler gestures with both hands while looking into the distance as he speaks. (Credit: Jeenah Moon/Bloomberg-Getty Images)

Securities and Exchange Commission Chairman Gary Gensler belied impatience upon fielding questions from reporters about crypto, including his agency's handling of applications to launch Ethereum ETFs. In speaking with journalist Annmarie Hordern at the Bloomberg Invest event in New York on Tuesday, Gensler accused his interviewer of going after "clicks" after she asked him several questions related to crypto policy.

The issue of cryptocurrency ETFs has been a contentious one during Gensler's SEC tenure, most notably when a federal appeals court last year rejected the agency's decision to refuse applications for a Bitcoin ETF. The court ruling led the SEC to approve those Bitcoin applications in January and, despite initial signals from Gensler that the Ethereum petitions would be rebuffed, the agency more recently indicated it would grant them.

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