during a thursday audience held by the Senate Financial Services Appropriations Subcommittee, U.S. Securities and Exchange Commission Chairman Gary Gensler told Sen. Bill Hagerty (R-TN) that he expects the agency to approve Form S -1 for Ethereum spot exchange-traded funds (ETFs) “at some point.” over the course of this summer.”
during a thursday audience held by the Senate Financial Services Appropriations Subcommittee, U.S. Securities and Exchange Commission Chairman Gary Gensler told Sen. Bill Hagerty (R-TN) that he expects the agency to approve Form S -1 for Ethereum spot exchange-traded funds (ETFs) “at some point.” over the course of this summer.”
As Guru-Investingreported, the SEC unexpectedly gave the green light to the listing and trading of eight Ether ETFs by greenlighting their respective rule changes (Forms 19b-4).
However, approval is a two-step process. Before Ethereum ETFs can go live, they must clear another hurdle. The SEC has yet to approve S-1 registration forms that contain detailed information about the products that will be offered to the public.
Dan BurginIn late May, the agency requested updated S-1 forms from potential issuers. “We’ll be interested to see changes in the next batch of amended S-1s. There can’t be *that much* work left to do,” said ETF analyst Nate Geraci.
James Seyffart, a renowned Bloomberg analyst, seems confident that Ethereum ETFs will be available this summer. “July was and is a complete assumption. But I was more confident saying that ETH ETFs will launch sometime this summer. That was a fact,” he said in a post on social network X.
Yuri MolchanAs reported by U.TodayJPMorgan predicted that Ethereum ETFs would attract modest inflows compared to Bitcoin ETFs.
Meanwhile, Bitcoin ETFs Recorded Inflows worth $100 million, with Fidelity’s Wise Origin Bitcoin Fund (FBTC) leading the way.
