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Gensler mum on timing of spot Ethereum ETFs' launch, but says process is going 'smoothly'

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Gary Gensler News

Spot Ethereum ETF

The process of launching spot Ethereum exchange-traded funds is 'going smoothly,' said SEC Chair Gary Gensler on Tuesday.

The process of launching spot Ethereum exchange-traded funds is "going smoothly," U.S. Securities and Exchange Commission Chair Gary Gensler said on Tuesday.

Firms filed amended registration statements last week, which further disclosed details on seed investments and fees as they await the SEC's final sign-off to begin trading. Eric Balchunas, senior Bloomberg ETF analyst, has previously said he expects spot Ethereum ETFs to launch by next week.

 

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