SEC's Gensler Signals Summer Approval for Ethereum Spot ETFs

Final registration steps for Ethereum spot ETFs are progressing smoothly, with potential market entry by late August.

SEC Chairman Gary Gensler anticipates Ethereum spot ETF approvals by the end of summer.
This follows the agency's earlier approvals for stock exchanges to list these products.
Analysts predict the new ETFs could attract up to $4 billion in investments within five months.
The approval is seen as a significant step for institutional investment in digital assets.
Gensler did not clarify whether Ethereum is classified as a security or a commodity.