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International Business Times
International Business Times
Business
Marvie Basilan

SEC Chief Gensler Says Approval Of Ethereum ETFs Depends On 'How Responsive' Issuers Are

SEC Gary Gensler ETF Ethereum Bitcoin VanEck
The SEC has yet to give the green light for spot ETH ETFs to begin trading, but Gensler now said the timeline depends solely on applicants. (Credit: Got Credit/flickr)

KEY POINTS

  • Gensler said the Grayscale challenge last year affected the SEC's decision for spot Bitcoin ETFs
  • Regarding the timeline for spot ETH ETFs, he said 'it's really up to' the applicants
  • Earlier reports revealed the SEC had been 'radio' silent and meetings with applicants were 'one-sided'

The approval of 19b-4 filings for spot Ether (ETH) exchange-traded funds (ETFs) has livened up the cryptocurrency community that was in a lull after the Bitcoin halving in April. However, the funds won't go live until S-1 filings are approved, and Securities and Exchange Commission (SEC) Chair Gary Gensler said the timeline will be up to the applicants.

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