Good news for Ethereum Investors from SEC Chairman Gary Gensler: He Set a Date for the Final Approval of Spot ETH ETFs!

Speaking before the Senate Appropriations Committee SEC Chairman Gary Gensler spotlight in summer Ethereum He said he anticipates S-1s for his ETFs will be approved by the end of the summer.

Fox muhabiri Eleanor Terrett SEC Chairman Gary Gensler with U.S. Senator Bill Hagerty He shared the details of the Ethereum ETF conversation between .

Gensler said “throughout this summer,” while Hagerty said “by the end of the summer.”

“I would dream sometime during this summer…” Gensler said in response.

“If you’re telling me these applications will be approved by the end of the summer, I appreciate that,” Hagerty said. said”

Clarifying on details here: Gensler said “over the course of this summer” and Hagerty said “by the end of the summer.”

Gensler: “I would envision sometime over the course of this summer…”

Hagerty: “If you’re indicating to me that those applications will be approved by the end… https://t.co/zJiI3reNZT

— Eleanor Terrett (@EleanorTerrett) June 13, 2024

together with gens CFTC Chairman Rostin Behnam He also speaks to the Senate Appropriations Committee.

He Gensler’s wife Behnam’s wife ETHIt was asked whether it is a commodity.

SEC chairman responded to the question of whether ETH is a commodity. ETH He did not give a clear yes or no answer, maintaining an ambiguous position on the issue.

At the same hearing, CFTC chairman Behnam answered “Yes” to the question of whether ETH is a commodity.

As it is known, in May SEC spot Ethereum ETF’It approved applications called 19b-4 for its applications. However, before Ethereum ETFs can begin trading, the SEC must also approve S-1 filings.

market analysts ETH While we thought that approval for S-1 applications for ETFs would come in June and July, the SEC Chairman made a statement that was partially consistent with these predictions.

Etheruem At the time of writing, it continues to be traded at $ 3,518.

*This is not investment advice.