Features News Daily TheBitTimes.com

The SEC should fully approve Spot Ether ETFs by September, according to the regulator’s chairman Gary Gensler . The chair of the Securities and Exchange Commission told senators in a budget hearing that the applications to run ether spot ETFs should be finished by the end of the summer. The first round of Spot Ethereum ETF approvals came at the end of May 2024. The ETH ETF approvals were a surprise to the digital asset market as a whole. The SEC had long resisted the approval of the crypto-based exchange-trade product, despite the success of a Spot Bitcoin ETF following its January approval. Conversely, Gensler discussed the need for patience as the process is still ongoing. However, a tighter timetable has officially been made. Source: Ethereum World News Also Read: World’s Largest Bank Calls Bitcoin Gold and Ethereum ‘Digital Oil’ What’s Left Before The SEC Approves Ether ETFs? According to Gensler, all that remains for full Ether ETF approval are the re...

The SEC is preparing to discuss and make some decisions on Spot Ethereum Exchange-Traded Funds (ETFs) this March. Following the landmark approval of Spot Bitcoin ETFs in January, and their continuous success, Spot ETH ETFs could be next on the ballet for crypto implementation in stock trading. Reuters reports that the SEC is planning meetings with spot Ethereum ETF applicants next month. Since the approval of the Bitcoin ETFs though, the regulator has given delay after delay to a decision on pending Ethereum ETFs. When the Bitcoin products were approved, SEC Chair Gary Gensler made it known that despite their decision, the SEC wasn’t a supporter of Bitcoin or any other crypto. However, they approved for the benefit of trade and due to wide demand/court pressure. Source: Bitcoinist The upcoming SEC meetings will begin discussions on the pros and cons of an Ethereum ETF becoming available on the market, and will likely feature multiple sit-downs with pending applicants. Grayscal...