SEC Chair Gensler hints at possible setbacks for Ethereum ETF approval

Contrary to Gensler’s predictions of a delay in SEC approval for the spot Ether ETF, the process of listing shares on exchanges has already commenced. This development comes just months after the SEC’s groundbreaking approval of multiple spot Bitcoin ETF applications, with the 19b-4 approvals for Ether swiftly following suit. Bloomberg’s ETF analyst, Eric Balchunas, anticipates the launch of spot Ether ETFs on July 4th, ahead of the SEC chair’s recent comments.