COIN - Spot Ethereum ETF Trading Launch Could Be Delayed Says SEC Chair Gary Gensler | Benzinga
SEC Chair Gary Gensler has signaled that the final approval of spot Ether (CRYPTO: ETH) exchange-traded funds (ETFs) might face delays.
What Happened: In a June 5 interview on CNBC, Gensler remarked that the SEC's next steps regarding the approval of these ETFs will “take some time.”
This suggests a cautious and potentially prolonged approach in approving the S-1 registration statements.
On May 23, the SEC approved 19b-4 filings from several major asset managers including VanEck, BlackRock (NYSE:BLK), Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise.
Despite these approvals, the actual listing and trading of these ETFs on U.S. exchanges may still be months away.
During the interview, Gensler also ...