๐จSEC Chair Gensler Provides Sparse Details on Ethereum ETF Progress.
๐๐
Gensler confirmed that Ethereum ETFs would undergo a similar review process to their Bitcoin counterparts but provided no clear timeline for a decision.
The SEC had already deferred a verdict on a product from Invesco Galaxy. With other players like BlackRock and VanEck in the running, the delays have become a pattern for the regulatory body.
Franklin Templeton joined the fray with a recent filing, signaling its strategy to generate passive income through an Ethereum ETF, akin to ARK 21Sharesโ revised application.
The upcoming deadlines for the SECโs decisions on various applications span from May to August, with the industry watching closely.
