Crypto:
30601
Bitcoin:
$58.718
% 2.63
BTC Dominance:
%53.3
% 0.09
Market Cap:
$2.13 T
% 0.20
Fear & Greed:
25 / 100
Bitcoin:
$ 58.718
BTC Dominance:
% 53.3
Market Cap:
$2.13 T

Breaking News: SEC Chair Gary Gensler’s Announcement on Ethereum Approval

Grayscale Ethereum Etf

Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), has provided a timeline for the approval of a spot Ethereum ETF.

Gensler indicated that the approval for a spot Ethereum ETF could arrive in the summer months, generating excitement among Ethereum investors.

After months of silence, the SEC took swift action by approving the 19b-4 filings in May. However, when it came to the S-1 filings, the SEC reverted to its silence. Gensler’s recent forecast has reignited anticipation among Ethereum enthusiasts.

Recently on CNBC, SEC Chair Gary Gensler mentioned that the approval process for S-1 forms would “take some time.” Senior ETF analysts initially predicted that the approval could come by the end of June or early July.

Following the approval of the S-1 filings, spot Ethereum ETFs are expected to begin trading. Nonetheless, the SEC might expedite the process, just as it did with the 19b-4 filings, potentially bringing the dates forward.

According to CoinGecko data, Ethereum has experienced a 3.5% decline in the past 24 hours and is currently trading at $3,507.

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