However, unlike its counterpart, the path to approval for ETH ETFs remains uncertain, leaving the market speculating about a potential timeline.
Despite optimism fueled by the presence of ether futures ETFs and Grayscale’s past success against the SEC, Bloomberg’s senior analyst Eric Balchunas warns that the SEC’s silence could signal potential hurdles. Notably, while Gensler remained ambiguous about the ETH ETF approval, his disapproval of the crypto industry was evident, despite his role in the recent Bitcoin ETF vote.In the interview, Gensler criticized the crypto industry for widespread fraud and abuse, pointing to recent bankruptcies.
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