Ethereum
Here’s When Ethereum ETFs Will Launch, According to Gensler
Alex Dovbnya
The general consensus seems to be that Ethereum ETFs should go live in the United States this summer.
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On a Thursday hearing held by the Senate Appropriations Subcommittee on Financial Services, U.S. Securities and Exchange Commission Chairman Gary Gensler told Sen. Bill Hagerty (R-TN) that he expects agency approves S-1 forms for Ethereum spot exchange-traded funds (ETFs) “at any given time.” during this summer.”
As reported by U.Today, the SEC unexpectedly green-lighted the listing and trading of eight Ether ETFs by greenlighting changes to their respective rules (Forms 19b-4).
However, approval is a two-step process. Before Ethereum ETFs can go live, they must clear another hurdle. The SEC has not yet approved the S-1 registration forms containing detailed information about the products that will be offered to the public.
In late May, the agency requested updated S-1 forms from potential issuers. “I’ll be interested to see the changes in the next batch of amended S-1s. There can’t be *that* much work to do,” ETF analyst Nate Geraci said.
James Seyffart, a renowned Bloomberg analyst, seems confident that Ethereum ETFs will go live this summer. “July was and remains a complete guess. But I was more confident saying that ETH ETFs would launch at some point this summer. It was kind of a no-brainer,” he said in a post on the social network
As reported by U.TodayJPMorgan predicted that Ethereum ETFs would attract modest inflows compared to Bitcoin ETFs.
In the meantime, Bitcoin ETFs checked in Inflows worth $100 million, with Fidelity’s Wise Origin Bitcoin Fund (FBTC) leading the way.
About the Author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to this booming industry, from price analysis to blockchain disruption. Alex has authored over 1,000 articles for U.Today, CryptoComes and other fintech media. He is particularly interested in regulatory trends across the world that are shaping the future of digital assets. He can be contacted at alex.dovbnya@u.today.