Ethereum

Chair

Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
During a Thursday&nbsp;<a href="https://x.com/tier10k/status/1801261940615848004" rel="noopener noreferrer nofollow">hearing</a> held by the Senate Appropriations Subcommittee on Financial Services, US Securities and Exchange Commission Chair Gary Gensler told Senator Bill Hagerty (R-TN) that he expects the agency to approve S-1 forms for spot Ethereum exchange-traded funds (ETFs) "sometime over the course of this summer."&nbsp;
As reported by U.Today, the SEC unexpectedly greenlit the listing and trading of eight Ether ETFs by greenlighting their respective rule rules changes (19b-4 forms).&nbsp;&nbsp;
However, the approval is a two-step process. Before Ethereum ETFs can go live, they have to clear another hurdle. The SEC has yet to approve S-1 registration forms that contain in-depth information about the products that will be offered to the public.&nbsp;
In late May, the agency requested updated S-1 forms from prospective issuers. "Will be interested to see changes in the next batch of amended S-1s. There can't be *that* much work left to do," ETF analyst Nate Geraci said.&nbsp;
James Seyffart, a well-regarded Bloomberg analyst, appears to be confident that Ethereum ETFs will go live this summer. "July was and is a complete guess. But I was more confident in saying that ETH ETFs will launch at some point this summer. That was sort of a given," he said in a post on the X social media network.&nbsp;
As&nbsp;<a href="https://u.today/ether-spot-etf-pessimistic-report-by-jpmorgan" rel="noopener noreferrer nofollow">reported by U.Today</a>, JPMorgan predicted that Ethereum ETFs would attract modest inflows compared to Bitcoin ETFs.&nbsp;
In the meantime, Bitcoin ETFs&nbsp;<a href="https://u.today/bitcoin-etfs-back-to-inflows" rel="noopener noreferrer nofollow">recorded</a> $100 million worth of inflows, with Fidelity's Wise Origin Bitcoin Fund (FBTC) leading the charge.&nbsp;

Here's When Ethereum ETFs Will Launch, According to Gensler

U_Today

Other articles published on Jun 13, 2024

Watch Out, Analytics Company Warns: “Be Careful When Trading This Altcoin, Hunter Whale Seeks Vic...

Billionaire Bill Miller Claims Bitcoin (BTC) Is Still Undervalued; Whales Are Sidestepping Polygo...

Coinbase Witnesses Largest Ethereum Outflow of the Year, Surpassing $1 Billion

Andrew Tate Boosts Popular Crypto Token

Solana Faces Bearish Pressure Despite Bullish On-Chain Metrics: What’s Next for SOL’s Price?

Ethereum Price Set for Possible Reversal as Whale Accumulates 8,050 ETH

Join our free newsletter for daily crypto updates!