Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), shared insights on Ethereum Exchange-Traded Funds (ETFs) during an appearance on CNBC's Squawk Box.
Gensler indicated that the approval process for Ethereum ETFs is likely to proceed slowly.
He noted, “The next step in Ethereum ETF approvals will take some time.”
“Cryptocurrency exchanges do things that the law would never allow the NYSE or traditional exchanges to do.”
Gensler's remarks suggest that the S-1 approval process for Ethereum ETFs may face delays, as regulatory scrutiny intensifies amidst evolving market dynamics and concerns over compliance.