Ether ETF Could Get Approved This Summer, SEC's Gensler Says.

The Securities and Exchange Commission (SEC) Chair, Gary Gensler, stated that final approval for exchange-traded funds (ETFs) linked to Ether, the second-most popular digital asset, could be granted during the summer. Gensler's comments suggest that the launch of Ether ETFs may be approaching, as the SEC has already approved initial applications from several exchanges to trade these products. The approval of issuer registration statements will depend on the quality of disclosures to investors, and the process is currently being handled at the staff level. Fund managers from various companies, including VanEck Associates, ARK Investment Management, BlackRock Inc., and Fidelity Investments, would still require the SEC's approval to establish this new asset class. [Extracted from the article]