SEC chair says timing for US ether ETF launches depends on issuer response time

From Investing.com: 2024-06-06 00:15:53

The SEC approved the listing of spot ether ETFs from Nasdaq, CBOE, and NYSE last month, surprising the cryptocurrency industry. Chair Gary Gensler stated that the trading start date depends on how quickly ETF issuers respond to SEC queries. Gensler credited Grayscale Investments’ court challenge for influencing the SEC’s decision to approve spot bitcoin ETFs. The approval process for ETF issuer registration statements involves collaboration between the issuers and the SEC. Gensler did not specify a timeframe for when ether ETFs could start trading. The SEC had previously rejected bitcoin ETFs for a decade but changed course after a court ruling. Gensler expressed ongoing concerns about fraud and conflicts in the cryptocurrency space.

Read more at Investing.com: Timing for US ether ETF launches depends on how fast issuers can move, SEC chair says By Reuters