🟢SEC Chairman Gary Gensler stated that he expects the approval of S-1 applications for spot Ethereum ETFs by the end of the summer. In May, the SEC approved the 19b-4 application for spot Ethereum ETFs. Before these funds can begin trading, the SEC must also approve the S-1 applications.
🟢At the time of writing, Ethereum continues to trade at $3,518. This statement from the SEC Chairman has sparked interest among investors and market analysts who are closely following the developments surrounding Ethereum-based ETFs.