News - Ethereum ETF trading starts "sometime this summer"

By Luc Vesters

Ethereum ETF trading starts "sometime this summer"

The wait for spot ETFs for Ethereum may soon be over. SEC Chairman Gary Gensler hinted that trading could begin soon. In a Senate Banking Committee hearing, he said the outstanding S-1 applications would be approved "sometime this summer."

The SEC already approved the so-called 19b-4 applications of eight companies on May 23. Thus, the Ethereum Spot ETFs have been formally approved. To be admitted for trading on U.S. exchanges, the authority must still approve the S-1 applications.

"The Ethereum exchange-traded products submitted to us by the exchanges - I think there were eight or nine - have all been approved together," Gensler said. "Individual issuers are still working through the registration process, which is going smoothly, and I would imagine that will happen sometime this summer."

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