Consideration of Applications for Ethereum-ETF Launch

💠 SEC Chairman Gary Gensler announced that the processing of applications for the launch of spot Ethereum ETFs will take “some time.” He also emphasized that crypto firms are engaged in activities that traditional exchanges are not legally permitted to conduct.

💠 Previously, Bernstein analysts predicted Ethereum could rise to $6600 if the ETF is approved. According to K33 Research forecasts, the instruments could attract up to $4.8 billion in the first five months of trading.