SEC Expected to Approve Ethereum Spot ETFs by Summer, Says Chair Gary Gensler
During a Senate Financial Services Subcommittee appropriations hearing on Thursday, SEC Chair Gary Gensler informed Senator Bill Hagerty (R-TN) that he expects the agency to approve S-1 filings for Ethereum spot ETFs “sometime this summer.”
As reported by coinshibainu.com, the SEC unexpectedly gave the green light to the listing and trading of eight ETFs by approving rule change proposals (Form 19b-4). However, the approval process consists of two steps. Before ETFs can commence operations, they must overcome another hurdle. The SEC has yet to approve the S-1 registration statements, which contain detailed information about the products to be offered to the public.
In late May, the agency requested updated S-1 filings from potential issuers. ETF analyst Nate Geraci commented, “We are eager to see the changes in the next batch of revised S-1s. There shouldn’t be much work left to do.”
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James Seyffart, a renowned Bloomberg analyst, expressed confidence that Ethereum ETFs will launch this summer. He noted on social media platform X, “July has always been an approximate guess. But I have become more confident in saying that ETH ETFs will launch sometime this summer. It has been somewhat of a given.”
JPMorgan predicts that Ethereum ETFs will attract modest inflows compared to Bitcoin ETFs. Bitcoin ETFs have seen inflows totaling $100 million, led by Fidelity’s Wise Origin Bitcoin Trust (FBTC).
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