Chair of the Securities and Exchange Commission Gary Gensler hints at possible setbacks for approval of Spot Ether ETFs

Contrary to Gensler’s statements suggesting a delay in the approval of a spot Ether ETF by the SEC, the process of offering shares on exchanges has already commenced. Just a mere five months after the SEC made headlines by giving the green light to multiple spot Bitcoin ETF applications, the 19b-4 approvals for Ether have swiftly followed suit. As per Bloomberg ETF analyst Eric Balchunas, the debut of spot Ether ETFs is anticipated to take place on July 4th, preceding the recent comments made by the SEC chair.