Reported 4 months ago
SEC Chair Gary Gensler revealed in an interview with Reuters in New York that the timing for the launch of exchange-traded funds (ETFs) linked to ether in the U.S. will be determined by how quickly the issuers address the queries from the Securities and Exchange Commission (SEC). The SEC recently approved applications from Nasdaq, CBOE, and NYSE to list spot ether ETFs, surprising the cryptocurrency industry. Before these ETFs can begin trading, the issuers must obtain approval for their registration statements detailing investor disclosures through exchanges with the SEC. Gensler also mentioned the influence of a court challenge by Grayscale Investments last year, which led to the approval of spot bitcoin ETFs, on the SEC's approach towards the ether products.
Source: YAHOO