“It’s really up to them how responsive they are,” said SEC Chair Gary Gensler.
The approval of United States spot Ether (ETH) exchange-traded funds (ETF) will depend on how quickly issuers can respond to comments from the Securities and Exchange Commission, says chairman Gary Gensler.
Gensler’s comments appear to put the onus for approvals on issuers and indicate the SEC will not drag the process out as some feared.
On May 23, the SEC approved eight 19b-4 filings to list spot Ether ETFs on various U.S. exchanges, though they can’t start trading until they have the required S-1 registration statement approvals.