In an interview at the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed confidence in the approval process for spot Ethereum ETFs, though he did not provide a specific timeline.
In recent days, some asset managers have been reviewing their applications for these financial vehicles. For instance, investment giant BlackRock recently issued amended statements with key details on fees and seed funds. Additionally, VanEck, another prospective issuer, filed the 8-A form, moving closer to approval.
However, the SEC Chair does not see the need for regulators to improve their already existing laws. He said: “There’s nothing inconsistent about crypto securities and the securities laws.”
Source: Digital Coin News (digitalcoinnews.net)
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