Official SEC approval announcements or major financial news outlets

SEC Chair Gary Gensler Nears Approval of Spot Ethereum ETFs, Launch Expected in Early July

Jun 25, 2024, 08:13 PM

The U.S. Securities and Exchange Commission (SEC) is making significant progress in approving spot Ethereum ETFs. SEC Chair Gary Gensler has confirmed that the approval process is going smoothly. Speculation suggests that the launch of these ETFs could occur as early as July 2nd, with some sources indicating a potential approval by July 4th. Major asset managers like BlackRock, VanEck, and Grayscale are in the final stages of seeking approval. The SEC's smooth handling of the process has been positively noted, and the launch of these ETFs could mark a significant milestone for the cryptocurrency market. Gensler made these remarks at a Bloomberg summit, and issuers are currently working on S-1 filings that require SEC approval before trading can commence.