US Securities and Exchange Commission (SEC) Chairman Gary Gensler said in an interview with Bloomberg that “the agency’s review of plans to launch an Ethereum ETF is proceeding smoothly.”
However, he did not say when regulators would be able to complete their review of documents and give final approval to companies such as VanEck, ARK Invest, BlackRock and Fidelity.
According to Gensler, the SEC is thinking about how to respond to the court's decision, which in early June 2024 did not approve the regulator's rules requiring companies to disclose information about quarterly commissions and other expenses.
In addition, the report said that the SEC is still trying to force hedge funds and private equity firms to disclose more information about commissions.
“We do everything within the law and how the courts interpret the law. If necessary, change direction. Essentially, we sought to achieve greater transparency for investors, not for the public, but for investors in these funds,” he said.
Let us recall that earlier the chairman of the US Securities and Exchange Commission said that Ethereum-ETF will be fully approved by September 2024.
