Gensler indicated that the approval process for U.S. spot Ethereum ETFs hinges on the responsiveness of issuers to the SEC's feedback.
exchange-traded funds in the United States hinges on the responsiveness of issuers to the SEC’s feedback. He said,
“These registrants are self-motivated to be responsive to the comments they get, but it’s really up to them how responsive they are.” This development has sparked optimism among many who feared prolonged delays, suggesting that the SEC may be moving towards a more accelerated review process. “The underlying exchange trade products still need to go through a process to have the disclosure about that. Now, that will take some time but they are working on that right now.”This juxtaposition raises questions about SEC’s stance on the industry.“Exchanges like the New York Stock Exchanges get properly regulated to protect against fraud regulation and they don’t trade against you. And these crypto exchanges are doing things that we would never allow NYSE to do.
Grayscale had argued that since the SEC approved Bitcoin futures ETFs, there was no reason to deny spot Bitcoin ETFs. Gensler said the case was similar with Ethereum as ETH futures have been trading since last year.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life.
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