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Ethereum ETF process is ‘going smoothly,’ says SEC’s Gensler

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SEC Chair Gary Gensler was tight-lipped on a timeline for when spot Ethereum ETF trading approvals would happen but says they’re “going smoothly.”

SEC Chair Gary Gensler didn’t comment on when his agency would approve Ether ETFs for trading, but analysts predict it could be as soon as next week., Gensler remained tight-lipped on when the ETFs could launch and deferred when asked if they could go live before the November U.S. elections.

“What is in front of us — and it's done at a staff level — is what’s called the registration statements, the disclosure statements,” Gensler added. “Again, these disclosures are really important. They’re important to investors making investment decisions.”Presidential hopeful Donald Trump said he would end what he called President Joe Biden’s “war on crypto,” and billionaire investor Mark CubanGensler said he doesn’t speak on elections when asked about Trump and Cuban’s comments.

 

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