Industry experts have differing opinions on when the Ethereum spot ETF will be listed. SEC Chairman Gary Gensler indicated in an interview with CNBC yesterday that the next stage of approval “will take some time,” implying that the SEC may delay or slow down the approval process for the Ethereum spot ETF.
SEC Chairman: The next step in approving the Ethereum ETF “will take some time”
Analysts: Billions of dollars will be deployed before the listing of the Ethereum spot ETF
Strengthening enforcement stance on cryptocurrency exchanges
The U.S. Securities and Exchange Commission (SEC) approved the 19b-4 filings of several Ethereum spot ETFs on May 24, sparking market expectations for the SEC to approve S-1 registration statements and formal listings in the future.
Currently, industry experts have different views on the actual approval time. Cobo founder Discus Fish predicts the earliest possible listing in mid-June, Bloomberg analysts suggest early July, while JPMorgan estimates November.
However, just yesterday, SEC Chairman Gary Gensler stated in an interview with CNBC that the subsequent steps for approving the Ethereum spot ETF will “take some time,” indicating that the approval process for the S-1 registration statement may proceed slowly.
Analysts: Billions of dollars will be deployed before the listing of the Ethereum spot ETF
However, this news is not entirely unfavorable to Ethereum. Zaheer Ebtikar, co-founder of the cryptocurrency hedge fund Split Capital, previously stated that if the SEC delays the listing of the Ethereum spot ETF, it may actually benefit short-term ETH price increases. This would give market participants time to acquire ETH before potential ETF inflows.
This aligns with the views of eToro analyst Simon Peters, who stated:
Furthermore, Gensler clearly stated in the interview that even if cryptocurrency exchanges engage in necessary disclosures, they may still face regulatory lawsuits if they engage in “market manipulation.” He further explained:
Gensler added that most cryptocurrency companies have not fully disclosed information and have engaged in activities that traditional exchanges are not legally allowed to do for a long time.
This indicates that under Gensler’s leadership, the SEC’s enforcement stance is unlikely to change. Since the closure of the cryptocurrency exchange FTX, the SEC has intensified its crackdown on the digital assets industry, filing lawsuits against companies such as Ripple, Coinbase, Binance, and Kraken.
