SEC Chairman: The speed of listing spot Ethereum ETFs depends on the issuers

2024-06-06 19:25:43

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ChainCatcher News, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated on Wednesday that the timing of when a spot ETF linked to the cryptocurrency Ethereum will begin trading largely depends on how quickly the issuers respond to the SEC's inquiries. He said, "These registrants will actively respond to the comments they receive, but the extent of the response actually depends on themselves." Gensler declined to disclose whether he believes this process will take weeks or months.

Gary Gensler and SEC officials had previously not commented on why the SEC had a significant change in attitude and approved the application for a spot Ethereum ETF, but he stated on Wednesday that the lawsuit filed by Grayscale last year forced the SEC to approve the spot Bitcoin ETF in January, which influenced the SEC's view on Ethereum.

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