China News Daily TheBitTimes.com

US Securities and Exchange Commission (SEC) Chair Gary Gensler has said that the Spot Ethereum ETF approval process is going smoothly. Indeed, the agency chair discussed the impending investment product that received approval in late May, and when they could go live. The agency is still working with issuers on S-1 filings, which have to be approved before the investment products begin trading. Many experts have predicted the sec ond crypto-based ETF in the country will officially launch in July. JUST IN: SEC Chair Gary Gensler says the process to spot #Ethereum ETF approval is going smoothly. — Watcher.Guru (@WatcherGuru) June 25, 2024 Also Read: SEC Chair Gensler: Ethereum ETF Debut Will ‘Take Some Time’ Gensler Says ETH ETF Approval Process is Going Smoothly Speaking at a Bloomberg Invest Summit taking place Tuesday, SEC Chair Gensler said Ethereum ETf approval is “going smoothly.” However, he did note that he does not know the timing of when the product could lau...

U.S. Securities and Exchange Commission Chair Gary Gensler indicated a possible change in the agency’s approach towards Bitcoin ETFs. During a CNBC interview, Gensler revealed that the U.S. Securities and Exchange Commission (SEC) is reconsidering “between eight and a dozen filings” for spot Bitcoin ETFs, a move influenced by recent court decisions in the District of Columbia. SEC Chair Garry Gensler commented on @CNBC about SPOT #Bitcoin ETF. How they have been denying a dussin of these ETFs in the past, but now BlackRock… I mean Courts in DC have intervened and now the SEC have to reprocess these ETF applications again. Remember what I… pic.twitter.com/QrD42zaLIo — Seth (@seth_fin) December 14, 2023 Historically, the SEC has hesitated to approve such proposals, citing various concerns. However, Gensler hinted at a shift, attributing it to judicial input. While he avoided directly referencing the Grayscale case, the context suggests a connection. Earlier ...