Gensler sees Ethereum ETF S1 approval this summer, trading to follow
SEC’s Gensler confirms thorough review process for anticipated Ethereum ETF.
SEC Chairman Gary Gensler has indicated that the approval of the S1 for an Ethereum ETF could be expected in the coming summer.
GENSLER SEES ETH ETF S1 APPROVAL SOMETIME IN SUMMER
Source: DB | Coins: ETH
— db (@tier10k) June 13, 2024
The SEC has approved 19b-4 forms for multiple Ethereum ETF issuers, including VanEck and BlackRock, signaling a change in regulatory stance. However, the S1 forms, which require more detailed ETF information, are still awaiting approval.
Bloomberg ETF analyst Eric Balchunas has suggested that the approval process could be expedited due to the swift approval of Bitcoin ETFs earlier this year. He has also proposed a potential timeline of July 4, 2024, for the S1 approvals.