SEC Chairman S-1 Talks Summer Approvals for Spot Ether ETFs

SEC Chairman Gary Gensler told lawmakers on Thursday that they will consider approval of Ethereum ETFs' S-1 filings by the summer.
The SEC chairman's comments did not provide much information, an ETF analyst said.

Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), sees the recently approved spot Ethereum exchange-traded funds (ETFs) getting the final nod for trading this summer.

The SEC chairman shared his views during a hearing with US lawmakers on Thursday, June 13.

Gensler's comments came during a Senate Banking Committee hearing that considered the U.S. government's 2025 budget for the commission.

When asked about his position on the Ethereum ETF, Gensler said he expects the SEC to have final approval through S-1s “sometime this summer.”

It's winter, though

While the crypto community learned about the upcoming listing and transaction after the regulator approved the 19b-4 filings in May of this year, Gensler's comments now have a timeline. In this case, the industry is looking at the next three months, the latest may happen in September with the comments of the SEC chairman.

Bloomberg ETF analyst James Seifert. He says. The SEC chairman did not provide much information when he commented that the ETH spot ETFs will launch “in late summer”.

Highlighting earlier predictions that the SEC would likely complete the approval as early as July, the analyst said:

“It was July and it's all speculation. But I was more confident in saying that ETH ETFs would launch at some point this summer. It was kind of a given. Gensler didn't give us much information in his comment that Ethereum ETFs would launch “by the end of summer.”

Ethereum is up 19b-4s since its first SEC nod in May, but recent comments have had little inverse impact on Ether as the broader crypto market struggles and the approval is already priced in.

The cryptocurrency is trading at $3,470, down 10% over the past week.