Spot Ethereum exchange-traded funds are likely to launch this summer.
That’s what Securities and Exchange Commission chair Gary Gensler told US senators today during a hearing on the agency’s funding request for 2025.
“Those applicational applications will be approved by the end of the summer,” Gensler said.
The SEC has already greenlit a batch of documents necessary for the launch of Ethereum ETFs, called 19b-4s, but still needs to get a second set of filings, called S-1s, finalised with prospective ETF issuers.
It’s only once both sets of documents are completed that the SEC can officially approve the ETFs — and subsequently launch the products.
“Individual issuers still are working through the registration process,” Gensler said. “That’s working smoothly.”
This is a developing story.