Not one to show his hand, SEC Chair Gary Gensler still gave as optimistic a prognosis on Ethereum ETFs as could be expected yesterday, speaking at the Bloomberg Invest conference. In between his usual frosty statements on the crypto sector, including accusing his interviewer of going after "clicks," Gensler said the process of working with issuers was "going smoothly."
The rare acquiescence from Gensler seems to confirm predictions from the Bloomberg soothsayers that the ETFs could launch as soon as July 2. With crypto assets from Coinbase to Bitcoin cratering in recent days, could the arrival of an Ethereum ETF reinvigorate the bull market? After all, the approval and launch of Bitcoin ETFs back in January served as a catalyst for the current rally.
