Six Months On, SEC Remains Silent on Spot Ether ETF Launch

Nearly six months have passed since spot Bitcoin ETFs began trading, but their Ether counterparts have yet to debut. While experts had anticipated a potential launch in July, the US Securities and Exchange Commission (SEC) has remained notably silent on the matter.

SEC Chief Gary Gensler has not provided a specific timeline but did mention that the process for the spot Ether ETF in the US is "going smoothly." Speaking at a Bloomberg conference, Gensler reiterated that the final registration steps, known as S-1 filings, are currently being addressed by the SEC staff.

On May 23, the SEC approved the 19b-4 filings from eight ETF bidders, but the asset managers are still finalizing their Form S-1s, the last requirement for approval before trading can commence.