Ether ETFs Should Be Fully Approved by September, Says SEC Chair Gensler.

The final approvals for exchange-traded funds (ETFs) trading Ethereum's ether (ETH) should be finished this summer, U.S. Securities and Exchange Commission Chair Gary Gensler told senators in a budget hearing on Thursday.
Gensler told a subcommittee of the Senate Appropriations Committee in a hearing justifying the market regulator's budget that the process is "working smoothly" after the initial approval of a group of ETFs. The agency had previously granted the initial round of applications but he said the final registration requirements – filings known as S-1s – are now being handled at the "staff level."

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