Official SEC announcement or press release

SEC Chair Gensler Expects Ethereum Spot ETF S-1 Approval by End of Summer

Jun 13, 2024, 02:48 PM

SEC Chair Gary Gensler has indicated that Ethereum (ETH) spot ETFs are likely to be approved by the end of the summer, specifically by the end of August. In conversations with Senator Bill Hagerty, Gensler expressed his expectation that the approval process for ETH ETF S-1 filings will be completed over the course of the summer months. This marks a significant development for the cryptocurrency market, as it would allow for the trading of ETH ETFs, potentially starting as early as July. BlackRock has already resubmitted their S-1 filing and is awaiting SEC approval.