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News / Crypto / Six Months On, SEC Remains Silent on Spot Ether ETF Launch
Six Months On, SEC Remains Silent on Spot Ether ETF Launch
Published: 27.06.2024
Nearly six months have passed since spot Bitcoin ETFs began trading, but their Ether counterparts have yet to debut. While experts had anticipated a potential launch in July, the US Securities and Exchange Commission (SEC) has remained notably silent on the matter.
SEC Chief Gary Gensler has not provided a specific timeline but did mention that the process for the spot Ether ETF in the US is "going smoothly." Speaking at a Bloomberg conference, Gensler reiterated that the final registration steps, known as S-1 filings, are currently being addressed by the SEC staff.
On May 23, the SEC approved the 19b-4 filings from eight ETF bidders, but the asset managers are still finalizing their Form S-1s, the last requirement for approval before trading can commence.
SEC Chief Gary Gensler has not provided a specific timeline but did mention that the process for the spot Ether ETF in the US is "going smoothly." Speaking at a Bloomberg conference, Gensler reiterated that the final registration steps, known as S-1 filings, are currently being addressed by the SEC staff.
On May 23, the SEC approved the 19b-4 filings from eight ETF bidders, but the asset managers are still finalizing their Form S-1s, the last requirement for approval before trading can commence.
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