SEC Chairman Expected to Approve Ethereum (ETH) Spot ETF This Summer

IconCryptoNewsTerminal Staff13 Jun, 2024

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SEC Chairman Expected to Approve Ethereum (ETH) Spot ETF This Summer

SEC Chairman Expects ETH Spot ETF Approval This Summer According to sources familiar with the matter, Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), is expected to approve an Ethereum (ETH) spot ETF this summer. This would be a major development for the cryptocurrency industry, as it would provide investors with a regulated way to invest in ETH. The SEC has been considering approving a spot ETF for ETH for several years, but has been hesitant to do so due to concerns about market manipulation and volatility. However, sources say that Gensler is now more comfortable with the idea of a spot ETF, and is expected to approve one in the coming months. The approval of a spot ETF would be a major boost for the ETH market, as it would make it easier for investors to buy and sell ETH. It would also help to legitimize ETH as an investment asset, and could lead to increased institutional adoption.

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