Gensler Sees Ether ETF Approval Advancing With a Summer Timeline

Final approval of exchange-traded funds linked to Ether, the world’s second-most popular digital asset, could come during the summer, Securities and Exchange Commission Chair Gary Gensler told lawmakers.

“Individual issuers are still working through the registration process that’s working smoothly,” Gensler said during a Thursday hearing before a Senate Appropriations subcommittee.

Gensler’s remarks are yet another indication that the much-awaited launch of Ether ETFs could be getting closer. The SEC approved an initial round of applications last month from several exchanges to trade the products.

Read more: Why the Crypto Market Is Betting on Spot-Ether ETFs: QuickTake

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