SEC Chair: Spot Ethereum ETFs Launch Process is Going Smoothly
SEC Chair Gary Gensler stated at the Bloomberg Invest Summit in New York on Tuesday that the process of launching spot Ethereum exchange-traded funds is proceeding smoothly.
He noted that while he is unsure of the exact timing, the approvals for eight Ethereum ETFs through 19b-4 forms were granted last month by the SEC.
However, the firms must also have their S-1 or S-3 registration statements become effective before trading can officially begin.
Recently, these firms have filed amended registration statements that disclosed additional information on seed investments and fees, while waiting for the SEC’s final approval to start trading.
Gensler emphasized that the key factor is for asset managers to fully disclose all necessary details in their registration statements before they can become effective.
