Reported 7 months ago
SEC Chair Gary Gensler mentioned that final approval for the much-awaited exchange-traded funds linked to Ether could be expected during the summer, as individual issuers are progressing smoothly through the registration process. The SEC approved initial applications last month, and ultimate approval of Ether ETFs will depend on the quality of disclosures to investors, with fund managers from various companies awaiting SEC approval to launch the new asset class.
Source: YAHOO