06.05.24

Timing for U.S. Ether ETF Launches Depends on How Fast Issuers Can Move, SEC Chair Says

by: Hannah Lang and Chris Prentice

The timing for when exchange-traded funds (ETFs) tied to the ether cryptocurrency can begin trading depends on how quickly issuers respond to the U.S. Securities and Exchange Commission's (SEC) queries, Chair Gary Gensler said. The SEC last month approved applications from Nasdaq, CBOE and NYSE to list spot ether ETFs. The SEC still has to approve the ETF issuers' registration statements detailing investor disclosures before they can start trading. "These registrants are self-motivated to be responsive to the comments they get, but it's really up to them how responsive they are," said Gensler.

Read the full article on Reuters