Gensler Says Spot Ether ETF Approval Process Going 'Smoothly'
Portfolio Pulse from Benzinga Newsdesk
SEC Chair Gary Gensler stated that the approval process for a spot Ether ETF is progressing smoothly. This announcement was made at the Bloomberg Invest Event.
June 25, 2024 | 6:24 pm
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The approval process for a spot Ether ETF is progressing smoothly, according to SEC Chair Gary Gensler. This could lead to increased institutional investment in Ethereum.
A smooth approval process for a spot Ether ETF suggests that regulatory hurdles are being cleared, which could lead to the launch of the ETF. This would likely increase institutional investment in Ethereum, positively impacting its price.
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